Shivganga Drillers, Renny Strips, Aspri Spirits File Drhp for IPO
Shivganga Drillers, an integrated oilfield services provider offering onshore drilling, aims to raise Rs 400 crore through a fresh issue of equity shares
Mumbai: Shivganga Drillers, Renny Strips and Aspri Spirits have filed their draft red herring prospectus for their respective initial public offerings. Shivganga Drillers, an integrated oilfield services provider offering onshore drilling, aims to raise Rs 400 crore through a fresh issue of equity shares. The company proposes to utilise the net proceeds towards capital expenditure towards the purchase of plant and machinery; repayment of certain borrowings availed by the company, and for general corporate purposes.
Ludhiana-based structural products manufacturer, Renny Strips, plans to raise funds through an IPO through a fresh issue of equity shares aggregating up to Rs 300 crores. Mumbai-based Aspri Spirits, an integrated marketing, development, and distribution partner for premium international alco-beverages plans to raise Rs 140 crore through a fresh issue alongside an offer for sale of 5 million equity shares.