Spices manufacturer Pushp Brand is preparing to file draft papers for an initial public offering of more than Rs 1,000 crore. The Indore-based company known for its Pushp Masale brand intends a mix of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are set to handle the issue.
The company is reportedly readying its draft red herring prospectus for submission before the end of May. This move would mark the firm's entry into public markets with a sizable fundraising target exceeding Rs 1,000 crore.
