Agri-Warehousing Firm SLCM Files Confidential DRHP With SEBI For Mainboard IPO

New Delhi: Agri-warehousing company Sohan Lal Commodity Management (SLCM) has filed preliminary papers with markets regulator Sebi through the confidential route for an Initial Public Offering (IPO). In a public notice on Thursday, SLCM said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges".

The company, which focuses on technology-driven agricultural logistics, has opted for the confidential pre-filing route, which allows the company to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. This route has been increasingly favoured by companies seeking more flexibility in their IPO preparations and responding to market conditions before a public filing.

Earlier this week, Zetwerk Manufacturing Businesses, Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, and SNVA Traveltech Ltd, which operates the online travel platform Travomint, opted for the confidential pre-filing route. Incorporated in 2009, SLCM offers technology-driven warehousing services like scientific storage for agriculture commodities, fumigation, testing certification and funding against storage receipts in India as well as Myanmar.

It provides services to the entire agriculture ecosystem, including farmers, processors, millers, traders, importers, exporters, commodity exchanges and the central and state governments. Till date,the company has handled over 1,300 agricultural commodities.