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Globe Civil Projects Files Draft Prospectus For IPO
Globe Civil Projects Ltd. on Thursday filed its preliminary papers for its initial public offering with the Securities and Exchange Board of India. The public offer will only include fresh issue of 1.9 crore shares, according to the draft red herring prospectus. The company, however, did not reveal how much it plans to raise through this issue. Ved Prakash Khurana, Nipun Khurana and Vipul Khurana are the promoters of the Delhi-based company.