Mouri Tech, Amanta Healthcare Scrap IPO Plans

New Delhi: IT solution provider Mouri Tech and Ahmedabad-based pharmaceutical company Amanta Healthcare have withdrawn their initial public offerings (IPOs).The companies had filed their Draft Red Herring Prospectus (DRHP) for the proposed IPO in September-October 2024 with the Securities and Exchange Board of India (Sebi). However, the draft offer documents for the IPOs were withdrawn in December last year and the reasons for the withdrawal have not been disclosed, an update with Sebi showed on Wednesday.

Going by the draft papers of Hy-derabad-based Mouri Tech’s proposed IPO comprises a fresh issue of equity shares worth Rs 440 crore and an offer-for-sale (OFS) of shares worth Rs 1,060 crore by promoters and an existing shareholder. Under the OFS, promoters SujaiPaturu and Anil Reddy Yerramreddy will sell shares worth Rs 615 crore and Rs 316 crore, respectively. Further, existing shareholder Srinivasu Rao Sandaka intends to offload equity shares valued at Rs 129 crore.