Devi Seafoods Files DRHP with SEBI for Rs.900 Crore IPO

By Jagat Joshi
March 6, 2018
10:25 am
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By Jagat Joshi
March 6, 2018

Devi Seafoods filed draft papers with SEBI to raise Rs.900 crore through IPO. The company is one of the leading seafood producer and exporter based in Andhra Pradesh. They are leading producer of processed shrimp and shrimp feed.

In the IPO of Devi Seafoods there will be a shares sale by company’s promoters. Compay’s promoters are P. Brahmanandam, P. Suryavathi, P. Rama Devi and N. Naveena. The equity share listing will increase stability, brand image and provide liquidity to existing share holders.

Devi Seafoods ipo will be managed by Axis Capital, ICICI Securities and Kotak Mahindra Capital Company.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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