Mumbai: Gujarat-based Supreet Chemicals, a specialty chemical intermediates manufacturer, has filed a draft red herring prospectus (DRHP) with the Securities & Exchange Board of India for a ₹499 crore Initial Public Offering (IPO). The offer is entirely a fresh issue of shares.
The company will use the proceeds from the issue to finance a manufacturing facility, repayment of loan and for general corporate purposes.
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