Textile manufacturer and exporter Kian-M Export Ltd has filed preliminary papers with markets regulator Sebi to mobilise funds through an initial public offering (IPO) comprising a fresh issue of shares worth 500 crore.
Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.