Matrix Gas and Renewables Ltd., a fuel aggregator in India, having raised funds via preferential allotment, mentioned it has filed Draft Red Herring Prospectus (DRHP) with EMERGE Platform of National Stock Exchange of India Ltd to lift funds via Initial Public Offering (IPO).
The firm proposes to utilise the online proceeds from the recent situation primarily in direction of assembly the working capital necessities for sourcing pure fuel, rLNG (regasified liquefied pure fuel), and importing LNG cargoes.
