Construction firm RKCPL files papers for ₹1,250-crore IPO
Construction and infrastructure firm RKCPL has filed preliminary papers with SEBI to raise ₹1,250 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares of ₹700 crore and an offer-for-sale worth ₹550 crore. As part of offer-for-sale, shareholders Naresh Kumar and Krishan Kumar Goyal will offload shares worth ₹275 crore each.