The Bombay Stock Exchange (BSE) has given its approval for the Draft Red Herring Prospectus of Integrum Energy Infrastructure Limited’s upcoming Initial Public Offering (IPO). The company aims to raise funds through this IPO to meet its working capital needs, invest in its subsidiary, Integrum Green Assets Private Limited, and finance the development of a solar power plant. This plant will cater to commercial and industrial customers under a long-term Power Purchase Agreement (PPA).
Additionally, the funds will be utilized for strategic acquisitions, inorganic growth, and general corporate purposes. Integrum Energy Infrastructure plans to issue up to 49,50,000 new equity shares, each with a face value of ₹10, as part of the fresh issue. In addition, there will be an offer for sale of up to 5,40,000 equity shares, bringing the total issue size to a maximum of 54,90,000 equity shares in the forthcoming IPO.
Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager for the issue, and Integrated Registry Management Services Private Limited will act as the Registrar to the Issue.
