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Infrastructure firm Dilip Buildcon has once again approached market regulator SEBI to raise funds through an IPO for various corporate requirements, including repayment of loans.
The IPO comprises a fresh issue of shares aggregating to ₹430 crore and an offer-for-sale of 11.36 lakh shares held by its promoters — Dilip Suryavanshi and Devendra Jain — and private equity fund BanyanTree Growth Capital, according to its DRHP.
The company, which received the regulator’s approval in June 2015 for the ₹650-crore IPO , decided to withdraw the same last month to file it afresh.
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