Greatex Share Broking's IPO documents are returned by SEBI

Greatex Share Broking's IPO documents are returned by SEBI

Greatex Share Broking's IPO documents are returned by SEBI

A new issuance of 1.67 crore equity shares and an offer for sale (OFS) portion of 30.96 lakh shares by selling shareholders make up the proposed IPO.

Greatex Share Broking's draft IPO documents were returned by SEBI, which might cause a delay in the company's first share offering.

The return of Greatex Share Broking's draft IPO documents by capital markets regulator SEBI might cause a delay in the company's first share offering.

A new issuance of 1.67 crore equity shares and an offer for sale (OFS) that involves 30.96 lakh shares by selling shareholders make up the proposed IPO.

The new issue's proceeds will be used to general company objectives and working capital needs.

In December 2023, the business submitted a draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI).

An update on the Sebi website on Tuesday states that the firm was suspended by the market authority on January 25 without a given explanation.Pani's DRHP came back.

Underwriting capital market issues and NSDL depository participation are among the activities that Greatex Share Broking does in addition to market making and stock broking.

The issue's lone book-running lead manager is Pantomath Capital Advisors.

The market watchdog returned Stallion India Fluorochemicals' IPO documents earlier this month.