Laqshya Media plans IPO to raise Rs 350-450 core

DSIJ Intelligence / 17 May 2017

Laqshya Media plans IPO to raise Rs 350-450 core

The Laqshya Media Private Limited is planning to hit the capital markets by coming up with an IPO issue. This IPO will be the first among the out-of-home advertising firms.

As major market indices have been touching new highs since last few days, various private companies are planning to come up with their initial public offerings (IPOs) to enjoy the benefits of positive sentiments in the markets.

The Laqshya Media Private Limited is planning to hit the capital markets by coming up with an IPO issue. This IPO will be the first among the out-of-home advertising firms. The IPO would raise funds between Rs 350 crore and Rs 450 crore.

The IPO issue includes stake sale by some of the existing private equity investors of the company and also the sale of fresh shares.

Laqshya Media Pvt Ltd is India’s leading out-of-home media company. The Laqshya Media Group has constantly been transforming the way outdoor advertising is done and perceived.

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