Parijat Industries’ IPO Mixes ₹160 Crore Fresh Issue with Offer for Sale to Strengthen Balance Sheet and Expansion Plans

Parijat Industries Ltd has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an initial public offering that includes a fresh issue of equity shares worth up to ₹1.6 billion and an offer-for-sale (OFS) of 20.4 million shares by existing shareholders. The agrochemical company, known for its crop protection products and global distribution network, is aiming to strengthen its manufacturing and R&D capabilities through the IPO proceeds.

 

Key highlights of the offering include:

 

 

Sources: SEBI Public Issues, Economic Times Markets.