IPO Company Alerts: This company is going to open next week and has a plan to raise ₹ 68 crore!
Upcoming IPO: The IPO is going to see strong action in the market. Super Iron Foundry Limited, is known for the production of municipal casting and dupelling iron pipe fittings. On March 11, it is ready to launch its IPO. The subscription window for investors will be open till March 13.
Super Iran, whose shares are expected to be listed on BSE SME by 19 March. The company’s target is to raise Rs 68.05 crore through this fixed-value issue, in which 63.01 lakh fresh shares will be issued.
Price band fixed for IPO
The price band in the IPO has also been fixed, which has been fixed at Rs 108 per share. It has a minimum lot of lot size 1,200 shares. Retail investors will have to invest at least 1 lakh 29 thousand 600 rupees. Promoters include Abhishek Saklecha, Akhilesh Saklecha, Neha Saklecha and Priyanka Saklecha. Horizon Management Private Limited is the lead manager of this IPO.
Where will the fund be used?
The amount raised will be used to repay the needs of working capital and current debt. Apart from this, some income will meet normal corporate objectives. The manufacturing facility and warehouse of Super Iron Foundry is based in Durgapur, West Bengal.
Products of the company serve different fields by providing access covers for store water and sewerage systems. They also serve telecom and other utility networks in manufacturing projects. Their products meet international standards such as En 124 and are exported worldwide.
The company’s reach worldwide
The Super Iron Foundry imports its products in Europe and the Middle East. The projects include the New Hamad Port Project and Lucle FIFA Stadium in Doha. He has also contributed to the expansion of the airport in Oman and Dubai South.
Link Inteime India Private Limited is working as Registrar for this IPO process, while Giriraj Stock Broking Private Limited acts as a market maker for the IPO of Super Iron Foundry.
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English Summary
IPO Alerts Super Iron Foundry Limited IPO Will Open Next Week Check Price Band Lot Size Details
IPO Alerts Super Iron Foundry Limited IPO will open next week check price band lot size details going to open next week, this company’s IPO, ₹ 68 crores is planned, plan, know the full details
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