Rajputana Stainless, Skyways Air Services and German Green Steel and Power gets SEBI nod for IPO

Rajputana Stainless, Skyways Air Services, and German Green Steel and Power, have received final observation from the capital market regulator, Securities and Exchange Board of India for IPO.

Rajputana Stainless IPO

Gujarat-based Rajputana Stainless has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The IPO, with a face value of Rs 10, consists of fresh issues of 1,46, 50, 000 shares and an offer-for-sale of up to 62, 50, 000 equity shares by Promoter Group.

Incorporated in 1991, Rajputana Stainless is engaged in the manufacture of long and flat stainless-steel products comprising of billets, forging ingots, rolled black bar, rolled bright bar, flat and patti and other ancillary products under the brand name, RSL. The company offers its products in more than 80 diverse grades of stainless steel reflecting its ability to meet varied technical and application-specific requirements. It’s versatile production capabilities enable it to cater to a wide range of industries and to meet customers’ specifications. 

Skyways Air Services IPO

New Delhi-based Skyways Air Services has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The IPO, with a face value of Rs 10, consists of fresh issues of shares up to 3,29, 17, 700 shares and an offer-for-sale of up to 1, 33, 33, 300 equity shares by Promoter Group and Selling Shareholders.

Incorporated in 1984, Skyways Air Services is a leading participant of India’s airfreight forwarding and logistics sector. The company handles maximum number of air cargo consignments from India to worldwide. It is actively engaged in providing a comprehensive suite of services, including air freight forwarding, ocean freight forwarding, trucking, warehousing, custom broking, technology driven express cargo and parcel delivery and a wide range of value-added services (VAS) to support the diverse needs of its clientele across domestic and international markets. 

German Green Steel and Power IPO

Ahmedabad-based German Green Steel and Power has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The IPO, with a face value of Rs 10, consists of fresh issues of shares up to Rs 450 crore and an offer-for-sale of up to 20, 00, 000 equity shares by Promoter Group.

Incorporated in 2008, German Green Steel and Power, is a vertically integrated iron and steel manufacturer primarily operating in the western region with a strong presence in Gujarat with a main focus on TMX Bars.

The company has two manufacturing facilities located in Gujarat, and its product portfolio comprises mainly of TMT Bars, MS Billets and Sponge Iron. Its TMT bar manufacturing capabilities range from 8 mm to 40 mm.