IT solution provider Mouri Tech files IPO papers to raise Rs 1,500 crore

IT solution provider Mouri Tech has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial public offering (IPO).

The Hyderabad-based company’s proposed IPO comprises a fresh issue of equity shares worth Rs 440 crore, and an offer-for-sale (OFS) of shares worth Rs 1,060 crore by promoters and an existing shareholder, according to the draft red herring prospectus (DRHP).