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SH Kelkar files prospectus for IPO, seen at around $100 million

Although according to the prospectus, company plans to raise 2 billion rupees

Reuters  |  MUMBAI 

Fragrance maker S.H. Kelkar and Company, partly owned by Blackstone Group, has filed a draft prospectus with the regulator for an initial public offering that a banker directly involved in the process said would fetch around $100 million. S.H. Kelkar did not provide the full IPO amount in the prospectus, according to the draft prospectus filed with the Securities and Exchange Board of India (SEBI). But the prospectus said the company plans to raise 2 billion rupees ($31.9 million) via the sale of new shares, as well as an undisclosed amount via the sale of existing shares from ...

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First Published: Thu, March 26 2015. 18:32 IST