The IPO will comprise a fresh issue of shares worth ₹500 crore (face value ₹2) and an OFS of 84 lakh shares, as per the DRHP. The OFS includes 80 lakh shares by Gopal Rajaram Kabra and 4 lakh by Mehul Ajit Shah.
PRISM’s IPO filing mentions Zostel case, CCI investigation
In its UDRHP-I filing to Sebi, the company any ‘adverse’ outcome in legal proceedings involving Zostel may materially and adversely affect its business, reputation, prospects,