Sharda Cropchem the Mumbai based company has filed DRHP with SEBI to list its public issue of 22,555,124 equity shares of a face value of Rs 10 each.
Karnataka-based Snowman Logistics is planning to raise money through a initial public offer (IPO). It has filed draft red herring prospectus (DRHP) with SEBI for a public issue of 4.2 crore equity shares.
ACB India has filed Draft Offer Documents (DRHP) with SEBI to list its equity shares on the exchnages.
Does your capital structure involve circular transactions to build up networth? Have the auditors qualified your audit report? Have you willfully concealed any litigation?
For the first time, stock market regulator SEBI has come out with rejection criteria for draft offer documents. Earlier the regulator used to issue observations for every offer document and when issuers fulfilled the conditions, they were allowed to go ahead and issue securities.