Mumbai: International Gemmological Institute(IGI) India, Hero Motors and Carraro India filed draft red herring prospectus for their respective initial public offerings.
IGI India, a Blackstone portfolio company filed DRHP for Rs 4,000 crore IPO, a mix of Rs 1250 crore fresh issue and an offer for sale of equity shares of Rs 2 face value worth Rs 2750 crore by promoter shareholders - BCP Asia II TopCo Pte Ltd.
IGI is world's second largest independent certification and accreditation services provider among global peers for diamond, studded jewellery and coloured stone certification.
Hero Motors, an auto- components company of Hero Motors Company Group filed DRHP for Rs 900 crore IPO, a mix of Rs 500 crore fresh issue and an OFS of Rs 400 crore by promoters- O P Munjal Holdings, Bhagyoday Investments and Hero Cycles.
Carraro India, a Pune based manufacturer of transmission systems for tractors and off-highway vehicles, and other agricultural and construction equipment filed DRHP for Rs 1812 crore IPO, a complete OFS by Carraro International.
( Source : Deccan Chronicle )
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