Nekkanti Sea Foods files draft papers with Sebi for Rs 750 crore IPO

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Sea foods exporter Nekkanti Sea Foods has filed draft papers with capital markets regulator Sebi to raise an estimated Rs 750 crore through an initial share sale. The company is the third sea foods exporter that approached Sebi with IPO papers in less than a month. Nekkanti Sea Foods' IPO comprises fresh issuance of shares worth Rs 250 crore, besides, an offer for sale of up to 80 lakh equity shares by the existing shareholders, according to draft papers filed with Sebi.
 

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