Upcoming IPO, Jan. 5 -- Hindustan Laboratories has filed a DRHP with SEBI for its proposed IPO. The offer has a total issue size of up to 1,41,00,000 shares of face value of Rs.10, comprising a

fresh issue of up to 50,00,000 shares and an offer for sale (OFS) of up to 91,00,000 shares.

Rajesh Vasantray Doshi is the promoter selling shareholder offloading up to 91,00,000 shares in the OFS.

Meanwhile, the company intends to utilise the net proceeds from the fresh issue of shares towards funding the working capital requirements and general corporate purposes.

As per the DRHP, Choice Capital Advisors Private Limited is the book-running lead manager, while MUFG Intime India Private Limited is the registrar of the issue.

The shares of Hind...