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Initial Public Offering Update: If you like to invest in IPO, then this news is useful for you. Matrix Gas & Renewables, a gas aggregate company invested by Shark Tank India’s famous shark and Bharat Pay founder Ashneer Grover. It is a gas aggregator company. For this IPO, the company has filed a draft paper (DHRP) with the National Stock Exchange Emerge (NSE). If you too are thinking of investing money in the company’s IPO, then we are telling you about its details.
Know about the details of Matrix Gas and Renewables IPO-
According to the draft paper filed by aggregator company Matrix Gas and Renewables, the company will issue only fresh shares through this IPO. In such a situation, the promoters of the company are not going to save their stake through offer for sale. The company is going to issue 56 lakh shares through this IPO. Earlier, the company has issued 5.64 lakh equity shares through private placement. Rs 7.45 crore has been raised through these shares. A total of 24 investors such as Ashneer Grover, Vao Investments, Touchstone Ventures, Shagun Capital Ventures and Nanduka Estates have invested in it.
What will happen to the amount raised through the IPO?
The company will use the amount raised through this IPO to meet the working capital requirements. Along with this, the company will also fulfill these money for corporate purposes. It is worth noting that this company works to extract and sell natural gas. The name of the company started in 2018 was Gensol Renewables which was changed to Matrix Gas in 2022. This company works for gas supply in different parts of the country.
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