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Vardhman Appliances, Shreejikrupa Project File IPO Papers with SEBI
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Moneycontrol•30-09-2026, 19:52
Vardhman Appliances, Shreejikrupa Project File IPO Papers with SEBI
- •Consumer appliances company Vardhman Appliances and infrastructure firm Shreejikrupa Project have filed preliminary papers for Initial Public Offerings (IPOs) with SEBI.
- •Vardhman Appliances' IPO includes a fresh issue of up to Rs 250 crore and an Offer For Sale (OFS) of up to 2.50 crore equity shares.
- •Vardhman plans to use fresh issue proceeds for a new project in Baghpat, Uttar Pradesh, and debt repayment, including for its subsidiary Lazer India.
- •Shreejikrupa Project's IPO comprises a fresh issue of up to Rs 410 crore and an OFS of up to Rs 90 crore by existing shareholders.
- •Shreejikrupa, with an order book of Rs 3,700.80 crore as of June 30, 2026, will use IPO proceeds for capital expenditure, working capital, and general corporate purposes.
Key Questions Answered
Vardhman Appliances' proposed IPO includes a fresh issue of equity shares worth up to Rs 250 crore alongside an offer for sale of up to 2.50 crore equity shares.
The company intends to use the net proceeds to set up a new project in Baghpat, Uttar Pradesh, repay certain borrowings, invest in its subsidiary Lazer India, and fund general corporate purposes.
Shreejikrupa Project's proposed IPO consists of a fresh issue of equity shares aggregating up to Rs 410 crore and an offer for sale of up to Rs 90 crore by selling shareholders.
