In fiscal 2017 Sandhya Marines reported total revenue of Rs528.84 crore, up 47% from the previous year. Mumbai: Sandhya Marines Ltd, an Andhra Pradesh-based exporter of value added frozen seafood products, on Wednesday filed the draft red herring prospectus (DRHP) for its initial public offering (IPO). According to the DRHP, in fiscal 2017 Sandhya Marines reported total revenue of Rs528.84 crore, up 47% from the previous year. Revenue from the US market accounted for 78.65% of the company’s total revenue. The company has appointed Karvy Investor Services Ltd and SBI Capital Markets to manage the share sale.

Source: Mint February 28, 2018 18:33 UTC