24 February 2025, 12:43 PM
LCC Projects Ltd.
LCC Projects has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The proposed IPO will be a combination of fresh issuance of equity shares worth Rs 320 crore, and an offer-for-sale (OFS) of 2.29 crore shares by promoters. proceeds of the fresh issue will be used for purchase of equipment, payment of debt and general corporate purposes. Motilal Oswal Investment Advisors is appointed as the sole merchant banker for the issue.
LCC Projects is one of the leading multidisciplinary engineering, procurement and construction (EPC) companies in India, in the irrigation and water supply projects segment.