Upcoming IPO, March 1 -- Mumbai-based Meir Commodities India Limited is presently engaged in the domestic and export trading of B2B agriculture-based commodities, with a primary focus on sugar, khandsari and sugar allied products, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise funds through Initial Public Offering (IPO).

The IPO, with a face value of Rs.10, is a mix of fresh issues of shares up to 52.94 lakh and an offer-for-sale up to 35.29 lakh equity shares by Rahil Irfan Iqbal Shaikh.

The proceeds from the fresh issue to the extent of Rs. 48.75 crores for funding working capital requirements and general corporate purposes.

The Offer is being m...