Hyderabad, March 17 -- SAI Parenteral's Limited on Tuesday said it has filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Hyderabad, the Securities and Exchange Board of India (SEBI) and stock exchanges for its proposed Initial Public Offering (IPO).
The IPO comprises a fresh issue of up to Rs 2,850 million and an offer-for-sale of up to 31,57,880 equity shares.
The company intends to list its shares on the National Stock Exchange and the Bombay Stock Exchange.
The offer-for-sale consists entirely of shares from investor selling shareholders, with no participation from promoters or promoter group entities.
Commenting on the development, Anil K K, Chairman and Managing Director of the company, said the firm has focus...