Integrum Energy's IPO Greenlit by BSE: A Leap Toward Sustainable Growth
The Bombay Stock Exchange has approved Integrum Energy Infrastructure Limited's Draft Red Herring Prospectus for an IPO. The funds will be used for working capital, subsidiary investment, solar plant establishments, acquisitions, and strategic initiatives. The issue includes 54,90,000 equity shares, with Beeline Capital Advisors managing the process.
- Country:
- India
The Bombay Stock Exchange (BSE) has given the nod to Integrum Energy Infrastructure Limited's Initial Public Offering (IPO) plans, marking a significant milestone for the renewable energy company based in Mumbai, India.
The IPO aims to bolster Integrum Energy's financial reserves. Funds raised will be allocated toward working capital, strategic investments in its subsidiary Integrum Green Assets Private Limited, and the development of solar plants dedicated to supplying power to commercial and industrial entities under long-term agreements.
Moreover, the capital will support the company's acquisition strategies and other strategic endeavors. With Beeline Capital Advisors Private Limited acting as the Book Running Lead Manager and Integrated Registry Management Services Private Limited as the registrar, Integrum Energy plans to issue 54,90,000 equity shares, combining both new and existing shares.
(With inputs from agencies.)
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