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Regreen-Excel files for IPO, plans to raise Rs 3.5 billion

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Regreen-Excel EPC India Limited has filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The company plans to issue fresh equity shares worth Rs 3.5 billion, alongside an offer-for-sale of 11.4 million shares by the promoters. The capital raised will be used to repay debt, secure bank guarantees, and for general corporate purposes.

Regreen-Excel, an ethanol plant manufacturer, has completed 113 projects in the last two months since its inception on July 15, 2024.

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