M&B Engineering Files for ₹653 Crore IPO to Fund Expansion and Debt Repayment
Article Summary
-M&B Engineering Ltd filed draft papers with SEBI on September 25, seeking to raise ₹653 Crore through an initial public offering (IPO). The IPO will include a fresh issue of equity shares worth ₹325 Crore and an offer for sale (OFS) of ₹328 Crore by promoters, as per the draft red herring prospectus (DRHP). Currently, the promoters...