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India Inc revives IPO plans to raise ₹4,345 crore

  • Four large corporates - Runwal Enterprises, Jain Resource Recycling, Anand Rathi Share and Stock Brokers, and EDS Software - have filed their Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹4,345 crore through IPO.
  • Runwal Enterprises plans to raise ₹1,000 crore through IPO by issuing fresh shares and has no offer-for-sale component. The funds will be used for debt repayment, future real estate projects, and general corporate purposes.
  • Jain Resource Recycling aims to raise ₹2,000 crore through IPO with a combination of fresh share issuance and an offer for sale by the promoter and early investor.
  • Anand Rathi Share and Stock Brokers plans to raise ₹745 crore through IPO to meet long-term working capital requirements and general corporate purposes.
  • ESDS Software Solution has refiled DRHP to raise ₹600 crore through IPO after earlier filing papers in September 2021. A pre-IPO placement of ₹120 crore is also under consideration.

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