#JeraiFitnessIPO #DRHP #SEBI #FitnessEquipment #IndianIPO #OFS #StockMarketIndia #EmkayGlobal #CapitalMarkets
Mumbai — Jerai Fitness Limited, a prominent Indian manufacturer of fitness equipment with over three decades of industry experience, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The proposed public issue is structured as a complete Offer For Sale (OFS), involving the sale of up to 4,392,500 equity shares of face value ₹10 each. Crucially, the company itself will not receive any proceeds from this offering, as all funds will go to the selling shareholders.
Offer for Sale Details
The OFS is being undertaken by the company’s promoters and a promoter group entity:
- Rajesh Ramsukh Rai (Promoter Selling Shareholder): Up to 1,500,000 shares.
- Rinku Rajesh Rai (Promoter Selling Shareholder): Up to 1,692,500 shares.
- Rajesh Ramsukh Rai HUF (Promoter Group Selling Shareholder): Up to 1,200,000 shares.
Company Profile and Market Reach
Jerai Fitness specializes in manufacturing fitness equipment tailored for a diverse clientele, including commercial gyms, hotels, corporations, and real estate projects. The company boasts a significant presence not just domestically but also internationally, exporting its equipment to multiple countries, including Japan, UAE, Australia, Serbia, and Sweden.
The company’s long tenure in the market has allowed it to develop core operational strengths in manufacturing processes, inventory management, distribution efficiency, and customer service. Jerai Fitness currently maintains a pan-India presence with 14 exclusive showrooms, enhancing brand accessibility and direct customer engagement.
Listing and Management
The equity shares offered through the IPO are proposed to be listed on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
The Book Running Lead Managers (BRLMs) appointed to manage the issue are Emkay Global Financial Services Limited and Catalyst Capital Partners Private Limited.
#JeraiFitnessIPO #DRHP #SEBI #FitnessEquipment #IndianIPO #OFS #StockMarketIndia #EmkayGlobal #CapitalMarkets
