The initial public offer (IPO) consists of issue of equity shares aggregating up to Rs 700 crore, according to draft red herring prospectus (DRHP).
Shri Bajrang Power, which filed draft papers with the regulator in September 2018, obtained its "observations" on January 17, latest update with the Securities and Exchange Board of India (Sebi) noted.
Shri Bajrang Power and Ispat, is an integrated manufacturer of long steel products in India.