Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 29th June, 2026: Eswari Global Metal Industries Ltd has filed preliminary papers with Securities and Exchange Board of India to raise approximately Rs 1,100-1,300 crore through an initial public offering (IPO).
The company has submitted its draft documents to the capital markets regulator, marking the first formal step towards listing its shares on the stock exchanges.
The proposed IPO is expected to mobilise between Rs 1,100 crore and Rs 1,300 crore, although the final issue size will be determined closer to the launch based on regulatory approvals and market conditions.
The filing is subject to SEBI's review and observations. After receiving the regulator's approval, the company will proceed with the public issue, disclosing details such as the issue structure, price band, and subscription dates in its final offer document.
The proposed listing comes amid continued activity in India's primary market, with companies across sectors tapping public markets to raise capital for expansion, debt repayment and other corporate purposes.