Regreen Excel EPC India Set to Launch IPO: What You Need to Know
Regreen Excel EPC India is gearing up to enter the IPO market with an enticing offer that includes both fresh equity shares and an Offer for Sale (OFS). The company has progressed by filing its draft papers with the Securities and Exchange Board of India (SEBI), marking an important step toward fundraising and expansion.
IPO Structure and Financial Details
The upcoming IPO will feature the issuance of fresh equity shares worth approximately Rs 350 crore. Alongside this, the Offer for Sale will encompass around 1.14 crore equity shares that will be sold by existing shareholders. This dual approach not only aims to raise substantial capital but also allows early investors to monetize their holdings.
Key Shareholders Involved in OFS
The equity shares being sold under the OFS will include contributions from various prominent stakeholders, namely:
- Sanjay Srinivasrao Desai
- Tushar Vedu Patil
- Alimuddin Aminuddin Syed
- Kiran Sudhakar Gawali
- Rokesh Luis Mascarenhas
- Sagar Satish Raut
Utilization of IPO Proceeds
The capital raised from this IPO will primarily be allocated towards several crucial areas:
- Capital Expenditure Requirements
- Repayment or Prepayment of Certain Borrowings
- Funding Margin Money Requirements for Securing Bank Guarantees
Management and Regulatory Oversight
The IPO will see the participation of seasoned financial institutions with IIFL Securities and ICICI Securities taking on the role of book-running lead managers. In addition, Link Intime has been appointed as the official registrar for the issue, ensuring thorough management and compliance with regulatory guidelines.
Listing Plans and Company Background
Upon completion of the IPO process, the company’s shares are expected to be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Regreen Excel EPC India operates in key sectors including:
- Ethanol Production
- Distillery Operations
- Biofuels
- Compressed Bio Gas (CBG)
- Sugar Industry
- Cogeneration Systems
- Zero Liquid Discharge (ZLD) Systems
- Renewable Energy Solutions
With manufacturing facilities strategically located in Pune and Ghaziabad, the company is well-positioned to leverage growth opportunities in these burgeoning sectors.
Conclusion
The Regreen Excel EPC India IPO is anticipated to be a significant event in the financial market, drawing attention from potential investors looking for exposure in critical industries. As the company aims to enhance its capacities and pay off existing debts, the success of this IPO will be pivotal in its journey toward further innovations and expansion.
