Nova Agritech IPO
Nova Agritech, a Telangana-based agricultural input manufacturing company, gears up for its Initial Public Offering (IPO).
The company specializes in various aspects of the agricultural sector, including soil health management, crop nutrition, and crop protection products.
As per the Draft Red Herring Prospectus (DRHP), Nova Agritech plans to issue fresh shares worth Rs 140 crore through the IPO.
In addition, promoter Nutalapati Venkatasubbarao will sell a portion of his equity under the Offer for Sale (OFS) scheme, with 77,58,620 shares up for sale.
Netweb Technologies IPO
Netweb Technologies, a Delhi-based company operating in the data center domain, intends to raise Rs 257 crore through its IPO.
The company specializes in Private Cloud, Hyper Converged Infrastructure, and AI Enterprises Workstation segments.
The IPO will consist of fresh shares issued by the company, alongside shares being sold by the promoters.
SPC Life IPO
SEBI has granted approval for the IPO of SPC Life, a company engaged in the production of advanced intermediates for active pharmaceutical ingredients.
The company aims to raise Rs 300 crore through its public issue, primarily through the issuance of fresh shares.
Promoter Snehal Rajivbhai Patel will also sell 89.39 lakh equity shares through the OFS scheme.
According to the DRHP filing, the raised funds will be utilized to repay a loan of Rs 55 crore, invest Rs 122 crore in the expansion of Phase-2 of the Dahej plant, and cover general corporate expenses.