Greatship (India) Ltd, a subsidiary of Great Eastern Shipping Company, today said it plans to tap the capital market through an initial public offer and has filed a draft prospectus with market regulator Sebi.
Greatship has proposed to make an initial public offer of its equity shares and filed a draft red herring prospectus with the Securities and Exchange Board of India on May 12, the company's parent Great Eastern Shipping Co. Said in a filing to the Bombay Stock Exchange (BSE) today.
The company, however, did not reveal about the amount it aims to raise through the IPO.
Greatship is a service provider in the offshore energy exploration and production domain and its parent, Great Eastern Shipping Co, provides shipping and offshore services.
Shares of Great Eastern Shipping Co jumped 4.54 per cent and were quoting at Rs 312.20 in afternoon trade on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app