Link: https://www.sebi.gov.in/filings/processing-status/jan-2025/processing-status-issues_59558.html
Regreen-Excel EPC India Limited is a technology driven EPC Company, engaged in designing, manufacturing and supplying ethanol plants. Over the years, they have built end-to-end capabilities in setting-up ethanol plants, across feedstocks such as molasses/ sugarcane syrup, grains or a combination thereof (“Multi Feedstock”), which enables them to provide concept to commissioning solutions to their customers (Source: F&S Report). As of March 31, 2024, Regreen-Excel EPC India are the youngest manufacturer and supplier of ethanol plants amongst the leading players in India (Source: F&S Report).
The company’s initial public offering comprises a fresh issue of up to ₹ 3,500 million and an offer for sale aggregating up to 11,450,380 equity shares by the promoter selling shareholders. An offer for sale of up to 11,450,380 equity shares, comprising up to 3,944,020 equity shares by Sanjay Shrinivasrao Desai , up to 1,501,272 equity shares aggregating by Tushar Vedu Patil, up to 1,501,272 equity shares by Alimuddin Aminuddin Sayyed, up to 1,501,272 equity shares by Kiran Sudhakar Gavali, up to 1,501,272 equity shares by Rokesh Luis Mascarenhas and up to 1,501,272 equity shares by Sagar Satish Raut (together the “promoter selling shareholders”).
The company proposes to utilize the net proceeds from fresh issue towards funding capital expenditure requirements of the company, repayment/pre-payment, in full or in part, of certain borrowings availed by the company, funding margin money requirements for the purpose of availing bank guarantees; and general corporate purposes.
IIFL Securities Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.