Carlsberg India files updated draft papers with SEBI for IPO
Carlsberg India has filed updated draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The proposed IPO is entirely an offer for sale (OFS) of up to 8.64 crore equity shares by promoter South Asian Breweries, with no fresh issue component.
The development comes after the company received Sebi's approval for its IPO on October 1, paving the way for further progress towards the public issue. The company had submitted its draft offer documents to SEBI through the confidential pre-filing route on July 1. Kotak Mahindra Capital Company, Citigroup Global Markets India and JPMorgan India are the book-running lead managers to the public issue.
Carlsberg India operates in the country with popular beer brands such as Tuborg, Carlsberg Elephant and Kronenbourg 1664 Blanc.
