Upcoming IPO, April 2 -- Monomark Engineering (India), an industrial operations and maintenance services provider based in Rajasthan, has moved to tap the capital markets by filing its draft papers with the Securities and Exchange Board of India on March 30 to raise funds through an IPO.

The offering will comprise a fresh issue of 2.7 crore equity shares, with no offer-for-sale component.

Out of the proceeds, the company intends to allocate Rs.111 crore towards additional working capital needs, while the remaining funds will be used for general corporate purposes.

Holani Consultants Private Limited has been appointed as the Book Running Lead Manager to the issue, while Bigshare Services Private Limited will serve as the Registrar to th...