NCML Industries Ltd. has filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India or SEBI for a public issue of 60 lakh equity shares of Rs.10 each.
The objects of the offer are to carry out the sale of 60 lakh equity shares by the selling shareholders and to achieve the benefits of listing the equity shares on the stock exchanges.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt. Ltd. is registrar to the issue.
The company is one of the leading edible oil importing, manufacturing and marketing companies of India with international presence, dealing in various edible oils such as soya bean oil, cottonseed oil, palm oil (palmolein), and mustard oil, rapeseed Oil etc.
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