Public issue of 24 lakh equity shares of Sanco Industries will open for subscription on February 24. The company has fixed issue price at Rs 18 per equity share. The issue will close on February 26. The company manufactures wide range of products such as rigid PVC conduit pipes, PVC casing & capping, PVC/PP-R plumbing pipes, PVC insulated domestic wires & cables and copper wire rod. Issue proceeds of Rs Rs 4.32 crore will be used for expansion of capacities at existing manufacturing facility at Paonta Sahib, Himachal Pradesh. The equity shares are proposed to be listed on the SME platform of the NSE i.e. EMERGE and traded in the SME Normal market. Keynote Corporate Services Limited are the book running lead manager to the issue. BEETAL Financial & Computer Services (P) Limited has appointed as a registrar to the issue.
Wednesday, 19 February 2014
Sanco Inds to raise Rs 4.3cr via IPO; issue opens on Feb 24
Public issue of 24 lakh equity shares of Sanco Industries will open for subscription on February 24. The company has fixed issue price at Rs 18 per equity share. The issue will close on February 26. The company manufactures wide range of products such as rigid PVC conduit pipes, PVC casing & capping, PVC/PP-R plumbing pipes, PVC insulated domestic wires & cables and copper wire rod. Issue proceeds of Rs Rs 4.32 crore will be used for expansion of capacities at existing manufacturing facility at Paonta Sahib, Himachal Pradesh. The equity shares are proposed to be listed on the SME platform of the NSE i.e. EMERGE and traded in the SME Normal market. Keynote Corporate Services Limited are the book running lead manager to the issue. BEETAL Financial & Computer Services (P) Limited has appointed as a registrar to the issue.
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