New Delhi: Jerai Fitness Limited, an Indian manufacturer of fitness equipment, having over three decades of experience in manufacturing of fitness equipment has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).
The offer comprises of an offer for sale of upto 4,392,500 Equity Shares of face value of ₹10 each. The offer for sale includes sale of equity shares of up to 1,500,000 shares by Rajesh Ramsukh Rai, upto of up to 1,692,500 shares by Rinku Rajesh Rai (Promoter selling shareholders) and up to 1,200,000 shares by Rajesh Ramsukh Rai HUF (Promoter Group selling shareholder).
The company offer equipment tailored to a diverse clientele of commercial gyms, hotels, corporations, and real estate projects, both in domestic and international markets, exporting to multiple countries like Japan, UAE, Australia, Serbia, Sweden, etc. Company’s long-standing presence has allowed it to develop key operational areas such as manufacturing processes, inventory management, distribution efficiency and customer service. Jerai Fitness maintains a pan-India presence of 14 exclusive showrooms, enabling customer engagement and brand accessibility.
The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”).
Emkay Global Financial Services Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Managers to the issue.
