Two companies — Enviro Infra Engineers Ltd and Udayshivakumar Infra Ltd — have filed preliminary papers with capital markets regulator Sebi to raise funds through Initial Public Offerings (IPOs).
With these, the total number of companies filing draft IPO papers with the Securities and Exchange Board of India (Sebi) reached 8 in this month.
The IPO of Enviro Infra Engineers consists of sale of 95 lakh equity shares with no Offer-For-Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP).
Funds raised through the issue will be used to meet the working capital requirements and general corporate purpose.
