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Integrum Energy Infrastructure Limited Files DRHP With BSE SME For IPO
Mumbai (Maharashtra) [India], October 17: Integrum Energy Infrastructure Limited (Integrum, The Company), engaged in the business of creating, developing and providing innovative renewable energy solutions for industrial and commercial clients, has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO, The issue size will be of up to 54,90,000 Equity [...]
Mumbai (Maharashtra) [India], October 17: Integrum Energy Infrastructure Limited (Integrum, The Company), engaged in the business of creating, developing and providing innovative renewable energy solutions for industrial and commercial clients, has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO, The issue size will be of up to 54,90,000 Equity Shares of face value of ₹ 10 out of which 49,50,000 Equity Shares are Fresh Issue and 5,40,000 equity shares are Offer For Sale.
The IPO’s objectives are to fund working capital requirements, invest in its subsidiary, Integrum Green Assets Private Limited, finance the establishment of a solar plant to supply energy to C&I customers under a long-term Power Purchase Agreement, fund expenditures for inorganic growth through acquisitions and other strategic initiatives, and fund general corporate purposes.
For the period ended 31st March 2024, The Company reported revenue of ₹ 23,324.07 Lakhs and EBITDA of ₹ 2,075.57 Lakhs & PAT ₹ 1,515.19 Lakhs.
