VMS TMT Ltd has received Sebi approval to launch its IPO with a fresh issue of up to 1.5 crore equity shares.
Rs 115 crore from the proceeds will be used to repay debt; the rest for general corporate purposes.
The Gujarat-based firm’s shares will be listed on BSE and NSE.
Promoters hold 96.28% stake; public investors include Chanakya Opportunities Fund I and Kamdhenu.
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