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The Economic Times

Business

Akash Podishetti

Hi-Tech Flow Solutions files DHRP for IPO, to raises Rs 300 cr via fresh issue

Hi-Tech Flow Solutions has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of Rs 2, is a fresh issue up to Rs 300 crore and an offer-for-sale by promoters – Ajay Kumar Bansal and Vipul Bansal. Ajay Kumar Bansal is offering shares up to Rs 75 crore and Vipul Bansal up to Rs 25 crore.

Investor - The Wealth Company Alternates Trust – India Inflection Opportunity Fund is offering up to 20,268,225 shares.

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