neutral
Recently
Behari Lal Engineering, CSM Tech file DRHPs for IPOs
No Image
Two Indian firms file IPO prospectuses, signaling increased primary market activity.
Behari Lal Engineering in Punjab and CSM Technologies in Bhubaneswar have submitted draft red herring prospectuses to India’s securities regulator to launch their IPOs. Behari Lal aims to raise around ₹110 crore via fresh issuance, while CSM plans to issue new equity shares under its IPO. The filings mark early steps in their journey toward public listing and are part of a broader uptick in primary market activity.