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Oilfield Services firm Shivganga Drillers files papers with Sebi for Rs 400-cr IPO
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Oilfield Services firm Shivganga Drillers files papers with Sebi for Rs 400-cr IPO
New Delhi: Oilfield services provider Shivganga Drillers has filed preliminary papers with capital markets regulator to mobilise Rs 400 crore through its initial public offering (IPO). The company’s maiden public offering is a completely fresh issue of shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). Shivganga Drillers proposes to utilise proceeds for purchase of plant and machinery, payment of…
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