Captain Fresh to raise Rs 1,700 crore through fresh issue of shares in IPO

Business-to-business (B2B) packaged seafood company Captain Fresh is set to raise Rs 1,700 crore (about $200 million) through a fresh issue of shares through its upcoming initial public offering (IPO).

The company’s board gave approval last week to issue equity shares worth Rs 1,700 crore in the IPO, according to filings made by the company at the Registrar of Companies (ROC).

The development comes a month after Captain Fresh’s board approved a resolution to change its status to a public company ahead of the IPO and rename it to ‘Infifresh Foods…