28
Sep
#RotomagEnertecIPO #BanyanTreeExit #DCmotors #SolarPumps #IndiaIPO #SEBI #CleanEnergy #PMKUSUM #GreenManufacturing #FreshIssue Mumbai/Ahmedabad | Mfnewsdaily.in Rotomag Enertec Ltd., a Gujarat-based industrial manufacturer and a key player in India's solar ecosystem, 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 issue is designed to raise funds for growth while providing an exit route for its long-time private equity backer, BanyanTree Growth Capital. The public issue is a combination of fresh equity and an Offer-for-Sale (OFS). Rotomag plans to mobilize approximately ₹500 crore through the issuance of new…