New Delhi : Three firms -- Hotel Polo Towers, Bombay Coated & Special Steels and APPL Containers -- have filed preliminary papers with markets regulator Sebi to mobilise funds through initial public offerings (IPOs).
Hotel Polo Towers' proposed IPO is a combination of fresh issue of shares worth Rs 300 crore and an offer for sale (OFS) of 71.2 lakh shares by promoters, while Bombay Coated's maiden public offering is entirely a fresh issue of 1.5 crore shares with no OFS component, according to their respective draft red herring prospectus (DRHPs) filed last week. Read Also Suba Hotels Raises Over ₹21 Crore From Anchor Investors; IPO To Open On September 29
APPL Containers' comprises a fresh issue of 12.5 lakh shares and an OFS of 25.60 lakh shares by promoters, draft papers showed.Th