Due to lacklusture market activity no new IPOs were coming and we have seen recently Goodwill Hospitals withdrew its IPO seeing lacklusture sentiment.
Vishwanath Sugar and Steel Industries Ltd (VSSIL) said on Monday it filed for an initial public offering to raise Rs 374 crore. VSSIL is based in Belgaum, Karnataka and Ashika Capital Ltd is the lead manager to the issue. The company is engaged in the production of sugar, alcoholic spirits by distillation including ethanol, blending and bottling of Indian made foreign liquor and generation of power, it said in a statement.
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