<p>Bengaluru: Bengaluru-based shared workplace provider IndiQube Spaces Limited received capital markets regulator Sebi’s nod to go ahead with a Rs 850 crore initial public offering (IPO).</p>.<p>The WestBridge Capital-backed realty company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), obtained its observation letter last week, as per a recent update with Sebi.</p>.Swiggy receives Rs 158 crore tax notice; plans to appeal .<p>The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of equity shares aggregating up to Rs 100 crore. </p><p>The firm proposes to utilise Rs 426.6 crore from the net proceeds of the fresh issue towards funding capital expenditure and Rs 100 crore for repayment or prepayment of borrowings and balance towards general corporate purposes, as per its DRHP.</p>
<p>Bengaluru: Bengaluru-based shared workplace provider IndiQube Spaces Limited received capital markets regulator Sebi’s nod to go ahead with a Rs 850 crore initial public offering (IPO).</p>.<p>The WestBridge Capital-backed realty company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), obtained its observation letter last week, as per a recent update with Sebi.</p>.Swiggy receives Rs 158 crore tax notice; plans to appeal .<p>The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 750 crore and an offer for sale (OFS) of equity shares aggregating up to Rs 100 crore. </p><p>The firm proposes to utilise Rs 426.6 crore from the net proceeds of the fresh issue towards funding capital expenditure and Rs 100 crore for repayment or prepayment of borrowings and balance towards general corporate purposes, as per its DRHP.</p>
