India’s market regulator has given the green light to three new public offerings, showing continued confidence among companies despite a cautious investor mood.
ESDS plans to raise up to ₹600 crore by issuing fresh shares. All the money will go to the company, with no existing shareholders selling any stock. About ₹480 crore will fund new cloud‑computing equipment and data‑centre upgrades, while the rest will support general business needs. The firm also may sell up to ₹120 crore in a pre‑IPO placement, which would lower the size of the main issue.
BLS Polymers seeks to raise ₹150 crore by issuing 1.7 crore new shares. The proceeds will be used to expand its manufacturing capacity (≈₹70 crore), meet working‑capital needs (≈₹75 crore) and cover other corporate expenses. The company makes polymer compounds for cables, pipelines and other infrastructure projects, tying its growth to government and private spending on utilities and transport.
Dhariwal Buildtech aims to raise ₹950 crore through a fresh share issue. A large part of the funds – about ₹474 crore – will go toward paying down its own debt and that of its subsidiaries, strengthening its balance sheet. The firm builds roads, bridges, tunnels and other rural infrastructure projects.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.
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