Surat-based J B Ecotex Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO).
The proposed IPO, with a face value of Rs 5 per equity share, comprises a fresh issue of equity shares worth up to Rs 400 crore and an offer-for-sale (OFS) of up to 12,950,000 equity shares by promoters. The selling shareholders include Jitendrakumar Fulchand Arya, Ayodhyaprasad Jugalkishore Singhal, Rajesh Ramniwas Gupta, Vishal Kejriwal, Ramdas Laxminarayan Jindal, Himanshu Surendra Jariwala, Hemant Vimalkumar Dhandharia, Monika Rajesh Gupta and Sajjan Kumar Kejriwal.
