Saturday, Mar 15 2025 | Time 23:26 Hrs(IST)
Business EconomyPosted at: Mar 15 2025 2:48PM


Allchem Lifescience Limited files DRHP with SEBI

Mumbai, Mar 15 (UNI) Allchem Lifescience has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The IPO comprises of a fresh issue of equity shares of face value of Rs 10 each aggregating up to Rs 190 Crores and an offer for sale of up to 7,155,000 equity shares of face value of Rs 10 each.
The offer for sale comprises of up to 3,577,500 equity shares of face value of Rs 10 each by Kantilal Ramanlal Patel and up to 3,577,500 equity shares of face value of Rs 10 each by Manisha Bipin Patel (Promoter Selling Shareholder), a company release said.
Allchem Lifescience Limited proposes to utilise from the Net Proceeds an estimated amount of Rs 130 Crores towards full or partial repayment or pre-payment of certain borrowings availed by the Company as well as towards general corporate purposes and to fulfill the business requirements of the Company.
Emkay Global Financial Services Limited is the sole Book Running Lead Managers to the issue, it added.
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