Aspri Spirits files IPO papers

Aspri Spirits has filed preliminary papers with the SEBI to raise funds via initial public offering (IPO). The company proposed to raise ₹140 crore via fresh shares, while existing shareholders including promoters will be selling up to 50 lakh shares via offer-for-sale.

Further, it may consider raising funds up to ₹28 crore in pre-IPO round, which is a part of fresh issue component.

Motilal Oswal Investment Advisors, and Nuvama Wealth Management are appointed as the merchant bankers for managing the Aspri Spirits IPO.