IT hardware and mobile accessories firm Balaji Solutions has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares worth up to Rs 120 crore and an offer-for-sale (OFS) of up to 75 lakh equity shares by promoter and promoter group entity, according to the draft red herring prospectus (DRHP). Under the OFS, Rajendra Seksaria and Rajendra Seksaria HUF will offload shares. The offer also includes a reservation for subscriptions by eligible employees. The company may consider a pre-IPO placement aggregating up to Rs 24 crore. If such placement is completed, the fresh issue s
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