Neesa Leisure Ltd., IPO - files DRHP with SEBI

Neesa Leisure Ltd., the hospitality arm of the Neesa Group, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for a public issue. The Company is coming out with this public issue to fund the cost of setting up new facilities in tier II and tier III cities of India, viz Raipur, Lucknow and Nasik and repay/prepay some of the high cost debt.