Real estate player Runwal Enterprises has filed draft papers with markets regulator Sebi seeking its approval to garner Rs 1,000 crore through an Initial Public Offering (IPO). The IPO is completely a fresh issue of shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP) filed on Monday.
The issue includes a reservation for a subscription by eligible employees and a discount is being offered to such employees.
The company may consider raising Rs 200 crore in a pre-IPO placement round. If such placement is completed, the amount raised through the fresh issue will be reduced.
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