Rishabh Instrument files draft IPO papers with Sebi to raise funds

Rishabh Instrument files draft IPO papers, Nashik-based Rishabh Instruments Ltd has filed a draft red herring prospectus with the Securities Exchange Board of India to raise funds through initial public offerings. The IPO consists of a fresh issue of Rs 75 crore and an offer-for-sale of up to 9.42 million shares by its existing shareholders and promoters. The OFS comprises up to 2.5 million shares by Asha Narendra Goliya, up to 4 lakh shares by…

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