Breaking News

You are here » Indian-Commodity  :  IPO  :  John Energy files DRHP with SEBI for IPO

19-Feb2018

John Energy files DRHP with SEBI for IPO

John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 350 crore through an Initial Public Offering (IPO). The public offer will comprise fresh issuance of shares worth Rs 218 crore and an offer for sale of up to 16,77,744 shares by the existing shareholders.

The shares of the company are proposed to be listed on NSE and BSE. The funds raised through the issue will be used towards repayment of certain borrowing availed by the company and for other general corporate purposes. IDFC and Keynote Corporate Service are the book running lead managers to the offer. 

John Energy is a leading Indian company catering to the upstream & mid stream Oil and Gas Industry. With an  experience of more than 30 years, the company is active in Onshore Drilling, Work-over and completion services, Natural Gas compression and conditioning services contractor in India, having a rig fleet of 34 rigs, comprising of 19 Drilling, 15 work-over rigs, Multiple Gas compression packages and Gas conditioning Equipment. 


Related News

View all news

Spandana Sphoorty gets SEBI's nod for IPO

Spandana Sphoorty Financial has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of fresh issue......

Bharat Hotels gets SEBI's approval for IPO

Bharat Hotels has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares......

Chartered Speed files DRHP with SEBI for public issue

Fleet bus operators Chartered Speed has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 273 crore through an Initial......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......