Cash Ur Drive Marketing Ltd's Eco-Friendly IPO Initiative

Cash Ur Drive Marketing Ltd, a green media publicity services provider based in Noida, has filed for an IPO with NSE Emerge. The IPO includes a fresh issue of 35.42 lakh equity shares and an Offer for Sale of 11.37 lakh shares. Funds will be utilized for working capital and corporate purposes.

Cash Ur Drive Marketing Ltd, an eco-friendly media publicity firm headquartered in Noida, has officially lodged initial papers with NSE Emerge, aiming to raise funds through an IPO.

The IPO will feature a fresh issue of 35.42 lakh equity shares and an Offer for Sale (OFS) of up to 11.37 lakh shares by Parveen K Khanna, according to the draft red herring prospectus (DRHP).

Proceeds of Rs 27 crore from the fresh issue are earmarked for the company's working capital needs, while the remaining funds will be allocated for general corporate purposes.

(With inputs from agencies.)