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Sandhar Technologies which is an auto component manufacturer has filed draft papers with SEBI to raise Rs.300 crore via initial public offer (IPO).
As per the draft red herring prospectus (DRHP) filed with Sebi stated that, the IPO consists of a fresh isssue of equity shares worth Rs.300 crore and an offer for sale of 80 lakh scrips by GTI Capital Beta Pvt Ltd.
Further, the company proposes to use a part of the amount raised to prepay/repay certain loan facilities and for general corporate purposes.
