Harisons Steel files DRHP for IPO to raise 60 Cr

Harisons Steel, a mumbai based company engaged in the business of manufacturing of stainless steel ingots and billets, has filed draft red herring prospectus (DRHP) with SEBI for initial public offering (IPO). Company plans to raise 60 cr through share sale.

Company plans to utilise IPO proceeds for capacity expansion and also a part is being used for working capital requirements. Comfort Securities Limited is the Book Running Lead Manager(BRLM) managing the issue.