Regreen-Excel EPC India Limited is looking to raise funds through initial public offer (IPO) and has filed preliminary papers with SEBI for the same. The company is issuing fresh equity shares worth Rs 3.5 billion and an offer-for-sale of 11.4 million equity shares by promoters. The capital raised from this is expected to be utilised for repaying debt, funding requirements for getting bank guarantees and for general corporate purposes.
Regreen-Excel are ethanol plant manufacturers and have completed 113 projects in the last two months. The company’s inception occurred on July 15, 2024.
