New Delhi, Sept. 8 -- Supreet Chemicals Limited, a leading specialty chemical intermediates manufacturer, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs.499 crore.

The company plans to deploy the net proceeds to finance capital expenditure for its upcoming Manufacturing Facility 4, with an estimated investment of Rs.310 crore. Additionally, Rs.65 crore will be used for partial repayment or prepayment of certain borrowings, while the remaining funds will go toward general corporate purposes.

IIFL Capital Services Limited is acting as the sole Book Running Lea...