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Laxmi India Finance files draft papers with Sebi to raise funds via IPO

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NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO).
Laxmi India Finance has submitted draft papers to the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO includes a fresh issue of equity shares worth up to ₹6,000 million and an offer for sale (OFS) of up to 1.9 million equity shares by the promoter, Laxmi India Finance Holding Pvt Ltd. The company plans to use the net proceeds to augment its capital base, meet future capital requirements, and for general corporate purposes. The shares will be listed on both the BSE and NSE. The IPO is being managed by Pantomath Capital Advisors Pvt Ltd as the book-running lead manager, with Link Intime India Pvt Ltd as the registrar.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/ipo/laxmi-india-finance-files-draft-papers-with-sebi-to-raise-funds-via-ipo-124121900717_1.html ]