Hotel Polo Towers, Bombay Coated, Appl Containers File IPO Papers with Sebi

Three companies – Hotel Polo Towers, Bombay Coated & Special Steels and Appl Containers – have submitted provisional papers to Markten regulator Sebi to mobilize funds through initial public offers (IPOs).

The proposed IPO of Hotel Polo Towers is a combination of a new edition of shares with a value of RS 300 CRORE and a range of sales (OFS) from 71.2 Lakh shares by promoters, while the first public offer of Bombay Coated last week is a new edition of 1.5 crore -concept of the leds), according to their respective component.

Apple containers consists of a new issue of 12.5 Lakh shares and an OFS of 25.60 Lakh shares by promoters, according to design papers.

The hospitality chain can consider a pre-ipo placement of RS 60 Crore. If such an initiative is completed, the fresh problem size will be reduced accordingly.

It said that the proceeds from the new issue will be used for multiple purposes, including partial financing of the costs of establishment, expansion and upgrade of existing property; meet the requirements of the company’s capital expenditure; Payment of debts; and general business purposes.

Hotel Polo Towers Develops, Owns, Operates And Manages A Chain Of Upscale and Midscale Hotels and Resorts in The Northeast, East and North India Under The ‘Polo’ And ‘Max’ Brands.As of August 2025, The Company’s Hospitalte NineTrisse NineTrisal Hotels and Resortrises Comrivality Cockivity Agrartala (Tripura), Kolkata (West Bengal), Cherrapunjee (Meghalaya), Shillong (Meghalaya), Prayagraj (Uttar Pradesh), Jabalpur (Madhya Pradesh), Tura (Meghalaya) and Neermahal. Income from the operations are 118 crore and profit in RS 22 Crore for FY25.

Bombay Coated is a leading steel processing centers, specialized in processing steel coils in processed steel products with the power -installed capacity is 350,411 tons per year. The income from the activities was RS 1,056 Crore and a net profit of RS 28.6 Crore during FY25.

The Apple container established in Bhavnagar would use the proceeds of its new issue for the financing of the working capital requirement of the company, the payment of debts and general business purposes.

Recorded in 2021, Apple Container is a production company with a primary focus on the production of containers. It achieved income from the activities of RS 69 Crore and a net profit of RS 33 Crore during FY25.