Business Economy


Allchem Lifescience Limited files DRHP with SEBI

Mumbai, Mar 15 (UNI) Allchem Lifescience has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The IPO comprises of a fresh issue of equity shares of face value of Rs 10 each aggregating up to Rs 190 Crores and an offer for sale of up to 7,155,000 equity shares of face value of Rs 10 each.
The offer for sale comprises of up to 3,577,500 equity shares of face value of Rs 10 each by Kantilal Ramanlal Patel and up to 3,577,500 equity shares of face value of Rs 10 each by Manisha Bipin Patel (Promoter Selling Shareholder), a company release said.
Allchem Lifescience Limited proposes to utilise from the Net Proceeds an estimated amount of Rs 130 Crores towards full or partial repayment or pre-payment of certain borrowings availed by the Company as well as towards general corporate purposes and to fulfill the business requirements of the Company.
Emkay Global Financial Services Limited is the sole Book Running Lead Managers to the issue, it added.
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Hyderabad: MSN Realty launches first luxury residential project 'One by MSN'

19 Apr 2025 | 7:36 PM

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Kottayam-Kochi Rubber Market Rates

Kottayam-Kochi Rubber Market Rates

19 Apr 2025 | 4:37 PM

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Kottayam
RSS FOUR: 19700
RSS FIVE : 19400
Kochi
RSS FOUR : 19700
RSS FIVE : 19400
UNI PA BD.

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Actress Parvathy Nair launches CoBeing-Skin Glow Collagen

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19 Apr 2025 | 3:08 PM

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Japan-based NTT DATA to set up Rs 10K Cr AI Data center cluster in Telangana

18 Apr 2025 | 7:21 PM

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Toshiba signs MoU with Telangana Govt

Toshiba signs MoU with Telangana Govt

18 Apr 2025 | 7:12 PM

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