Transrail Lighting files IPO papers with Sebi; eyes Rs 450-crore via fresh issue
The proposed initial share sale is a combination of a fresh issue of equity shares worth Rs 450 crore and an offer for sale of over 1 crore equity shares by a promoter Ajanma Holdings Private Limited, according to the Draft Red Herring Prospectus (DRHP) filed last week.
Transrail Lighting Ltd has filed preliminary papers with capital markets regulator Sebi