Regreen-Excel EPC India Files DRHP With SEBI
Regreen-Excel EPC India Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). Regreen-Excel EPC have grown to become the youngest manufacturer and supplier of Ethanol plants (Distillery, Sugar & Cogeneration, Bio Fuels, Zero Liquid Discharge Systems, and Renewable Energy) amongst the leading players in India as of March 31, 2024 (Source: F&S Report).
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Mumbai, Sep 11: Regreen-Excel EPC India Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). Regreen-Excel EPC have grown to become the youngest manufacturer and supplier of Ethanol plants (Distillery, Sugar & Cogeneration, Bio Fuels, Zero Liquid Discharge Systems, and Renewable Energy) amongst the leading players in India as of March 31, 2024 (Source: F&S Report).
The company’s initial public offering comprises a fresh issue of up to ₹ 3,500 million and an offer for sale aggregating up to 11,450,380 equity shares by the promoter selling shareholders. An offer for sale of up to 11,450,380 equity shares, comprising up to 3,944,020 equity shares by Sanjay Shrinivasrao Desai , up to 1,501,272 equity shares aggregating by Tushar Vedu Patil, up to 1,501,272 equity shares by Alimuddin Aminuddin Sayyed, up to 1,501,272 equity shares by Kiran Sudhakar Gavali, up to 1,501,272 equity shares by Rokesh Luis Mascarenhas and up to 1,501,272 equity shares by Sagar Satish Raut (together the “promoter selling shareholders”).
The company proposes to utilize the net proceeds from fresh issue towards funding capital expenditure requirements of the company, repayment/pre-payment, in full or in part, of certain borrowings availed by the company, funding margin money requirements for the purpose of availing bank guarantees; and general corporate purposes.
IIFL Securities Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.
