Gujarat-based GAMP Services Ltd. has filed a draft red herring prospectus with SEBI to raise funds through an initial public offering comprising 46.93 lakh shares. The proposed issue includes a fresh issue of 31.93 lakh shares and an offer for sale of 15 lakh shares by existing shareholders.
The company plans to use Rs. 40.05 crore from the fresh issue proceeds to purchase equipment and IT hardware for its services and data-logger manufacturing businesses. The remaining funds are proposed to support acquisitions and general corporate purposes. For FY26, the company reported revenue of Rs. 45.8 crore and profit of Rs. 11 crore, according to the draft-filing report.
