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The Economic Times
The Economic Times
Ritesh Presswala

MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS

OFS IPO DRHP

MP Steel Limited, a manufacturer of stainless-steel products, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI), marking its entry into the public markets.

The proposed initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 95 crore and an offer for sale (OFS) of up to 23,07,290 equity shares by the promoters, according to the DRHP.

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