Breaking News

You are here » Indian-Commodity  :  IPO  :  Shakun Polymers files DRHP with SEBI for IPO

05-May2018

Shakun Polymers files DRHP with SEBI for IPO

Shakun Polymers has filed a Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The offer comprises of fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale of up to 18 lakh equity shares by selling shareholders.

The company proposes to utilize the net proceeds from the issue towards setting up of new unit for manufacturing Halogen Free Flame Retardant (HFFR) compounds and general corporate purpose. The equity shares are proposed to be listed on the BSE and the NSE.

Vivro Financial Services is the book running lead manager to the offer, while Link Intime India is the registrar to the issue.

Shakun Polymers, a leading player in the field of compounding for the wire & cable market, is also one of the first movers in India for manufacturing of HFFR compounds and one of the leading exporters for HFFR compounds from India.



Related News

View all news

Shyam Metalics files DRHP with SEBI for IPO

Shyam Metalics and Energy has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 909 crore through an initial public offer (IPO).......

Sembcorp Energy gets SEBI's nod to float IPO

Sembcorp Energy India has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of shares......

Montecarlo gets SEBI's approval for IPO

Montecarlo has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises fresh issuance of shares worth......

Top News

View all news

Onward Network Technologies increases stake in Onward Technologies

Onward Technologies' promoter Onward Network Technologies has purchased 32,000 equity shares of the company through open market purchase for an amount of Rs 22,84,730. The transaction was executed during......

TCS features as leader for Life Sciences R&D Strategic Consulting Services

Tata Consultancy Services (TCS) has been named a leader for the second consecutive time, in the IDC MarketScape for Worldwide Life Science R&D Strategic Consulting Services. The company has extensive......

Vakrangee enters into distribution agreement with Aditya Birla Housing Finance

Vakrangee has entered into a distribution agreement with Aditya Birla Housing Finance, which shall offer distribution of Home Loan and other related products through Nextgen Vakrangee Kendras. This tie-up......