Ess Dee Aluminium, Everonn file IPO papers

Ess Dee Aluminium (EDAL) has filed its draft red herring prospectus with Securities & Exchange Board of India (Sebi) for an initial public offering (IPO).

According to a release issued by the company today, the IPO would comprise of 69,60,000 shares of Rs 10 each for cash at a premium to be decided through the 100% book-build process. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.

The company has reserved 1,50,000 equity shares for its employees. The net issue to public, therefore, would be 68,10,000 shares, the release added.

Everonn Systems India, a knowledge management, education and learning soultions company, has also filed its draft red herring prospectus with Sebi for its proposed IPO of Rs 50 crore.