RSB Retail India Ltd has filed its Draft Red Herring Prospectus (DRHP) with SEBI.
The company plans to raise ₹500 crore through a fresh issue of shares.
The IPO will also include an offer for sale of up to 2.98 crore equity
shares.
Proceeds will be used for business expansion and operational needs.
The filing marks a significant step in RSB Retail India's growth strategy.
The company aims to strengthen its market position and business footprint.
The DRHP includes detailed financials, market outlook, and lead managers.
The IPO is expected to attract significant investor interest.
Analysts view the move as a positive signal for the retail se
ctor.
Overall, the IPO is anticipated to bolster RSB Retail India's fina
ncial position.