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Read more about Seafood exporter Sandhya Marines files papers with Sebi to float IPO on Business Standard. Karvy Investment Banking and SBI Capital Markets will manage the company\'s initial public offer

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seafood exporter sandhya marines files papers

Seafood exporter Sandhya Marines files

papers with Sebi to float IPO

Seafood products exporter Sandhya Marines has filed draft papers with capital

markets regulator Sebi to float an initial public offer.

The IPO comprises fresh issue of shares worth Rs 3 billion and an offer for sale of

up to 1.26 crore equity scrips by the existing shareholders -- K V Prasad, K

Suryanarayanamma, K Anand Kumar and K Arun Kumar, as per the draft papers

filed with Sebi.

Proceeds from the issue will be utilised towards setting up of a new shrimp

processing unit as well as new aqua-feed mill facility; establishing a new

corporate office; repayment of certain indebtedness; and for general corporate

purposes.

Karvy Investment Banking and SBI Capital Markets will manage the company's

initial public offer (IPO).

established in 1987 sandhya marines is product

Established in 1987, Sandhya Marines is product-focused company that exports

a range of value added frozen seafood products.

Article By - Business Standard