Agrochem firm Hemani Industries files draft papers for Rs 2,000-cr IPO

The IPO will comprise fresh issue of equity shares aggregating up to Rs 500 cr and an Offer For Sale of equity shares worth up to Rs 1,500 cr by its promoters

Agrochemical manufacturer Hemani Industries Ltd has filed preliminary papers with Sebi to raise Rs 2,000 crore through an initial public offering.
 

The Initial Public Offering (IPO) will comprise fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale (OFS) of equity shares worth up to Rs 1,500 crore by its promoters. According to the Draft Red Herring Prospectus (DRHP), OFS comprises offloading of up to Rs 500 crore worth of shares each by Jayesh Mohan Dama, Mohan Sunderji Dama and Minal Mohan Dama.

The company may consider a pre-IPO placement of up to Rs