S H Kelkar & Company files paper with Sebi for IPO
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27 Mar 2015
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Fragrance maker S H Kelkar & Company has filed draft papers with capital market regulator Sebi to float an initial public offer (IPO), including issuance of fresh shares worth Rs 200 crore, reported PTI. The Mumbai-based company is in the business of fragrances, flavours and aroma chemicals. The issue comprises fresh issue of equity shares worth Rs 200 crore and an offer for sale of 15,565,161 equity shares by the selling shareholders, Blackstone Group and Prabha Ramesh Vaze, according to the draft paper filed with the Securities and Exchange Board of India (Sebi). Blackstone Group plans to offload upto 1.32 crore shares, while Vaze is selling up to 23.37 lakh scrips. The US-based private equity giant hold around 33 per cent stake in S H Kelkar. The company plans to utilise funds from the fresh issue towards repayment of loan and for other general corporate purpose. The issue is being managed by JM Financial Institutional Securities and Kotak Mahindra Capital Company. |
| Source: Dion Global Type: IPO Related |
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