Bharat Earth Movers Ltd files DRHP with SEBI for Public Issue

Bharat Earth Movers Ltd has filed Draft Red Herring Prospectus with SEBI for its forthcoming follow-on public issue. The company is planning to come out with a public issue of 49,00,000 equity shares of Rs.10 each for cash at a price to be decided through 100% book building process.

The issue comprises a net issue to the public of up to 44,10,000 equity shares and a reservation of up to 4,90,000 equity shares for subscription by eligible employees at the issue price. The issue shall constitue approximately 11.77% of the fully diluted post-issue capital of NHPC.

The equity shares of the company are already be listed on Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and Bangalore Stock Exchange.

The Book Running Lead Manager is ICICI Securities Ltd. The Registrar to the issue is Karvy Computershare Pvt Ltd.

The website of the company is, Bharat Earth Movers Ltd

The Draft Red Herring Prospectus of the company is available here at: Bharat Earth Movers Ltd

Source : Equity Bulls

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