Laxyo, service providers for railways, files draft IPO papers

Madhya Pradesh-based Laxyo, a service provider for railways, has filed draft IPO papers with SEBI to raise up to ₹150 crore. The IPO comprises an entirely fresh issue with no offer-for-sale component and may consider raising up to ₹30 crore in a pre-IPO round. Laxyo aims to utilise some parts of the proceeds for the repayment of certain borrowings