Gujarat Polysol Chemicals has received SEBI approval for its IPO.
Gujarat Polysol Chemicals started in 1987 and is in manufacturing of chemicals for construction industry, agro industry, dyes industry and leather industry.
Company plans to raise Rs. 414 crore via going public. Rs. 327 crore promoter shares and Rs. 87 crore fresh shares will be on offer for sale during IPO.
IPO funds will be used for debt repayment and operations of the company.