Defence Electronics, Information Patterns and Electronics Mart file papers with Sebi

Mumbai: Defence Electronics, Data Patterns India, and Electronics Mart India filed draft pink herring prospectus with the market regulator the Securities and Change Board of India on Wednesday.

Information Patterns, a Chennai-based provider of digital programs to defence and aerospace sector, is planning to lift Rs 600-700 crore. The IPO may comprise a recent subject of Rs 300 crore and a suggestion on the market of 60.70 lakh shares by promoter and shareholders. Former Blackstone head Mathew Cyriac’s agency Florintree Capital Companions holds 12.8% within the firm.

Hyderabad-based shopper sturdy retail chain Electronics Mart India intends to lift Rs 500 crore by way of the IPO. The corporate intends to utilise the online proceeds to fund its capital expenditure and incremental working capital necessities to the extent of Rs 133.8 crore and Rs 200 crore respectively.

Hyderabad-based Hariom Pipe Industries may elevate Rs 100-120 crore by way of an IPO.