Amansa Funding invested Rs 40 crore in Normal Glass Lining, the corporate goes to launch IPO. – #INA
Normal Glass Lining Know-how: Hyderabad-based Normal Glass Lining Know-how Ltd has raised Rs 40 crore from Amansa Funding by way of non-public placement forward of its IPO. This firm manufactures specialised engineering gear for pharmaceutical and chemical industries. As per the corporate’s announcement on December 17, 2024, it issued 28,57,142 fairness shares to Amansa Investments Restricted at a value of Rs 140 per share (together with a premium of Rs 130) in session with lead bankers.
Free shares value as much as Rs 250 crore will probably be issued
This transaction amounting to Rs 40 crore is 1.55 per cent of the pre-offer share capital of the corporate. In keeping with the DRHP filed in July 2024, recent fairness shares value as much as Rs 250 crore will probably be issued underneath this IPO with a face worth of Rs 10 per fairness share. Moreover, 18,444,000 fairness shares will probably be bought by means of Supply for Sale (OFS) by the promoters and promoting shareholders. The corporate acquired SEBI’s last remark for IPO in October 2024.
Normal Glass Lining Know-how mentioned it gives complete options that embrace design, engineering, manufacturing, meeting, set up and commissioning. This additionally consists of establishing commonplace working procedures for pharmaceutical and chemical producers on a turnkey foundation.
Its product portfolio consists of important gear used within the manufacturing of pharmaceutical and chemical merchandise. These are labeled into response programs. This consists of storage, separation and drying programs, plant, engineering and providers. As of March 31, 2024, the portfolio comprised over 65 merchandise and choices. Within the final decade, it has distributed greater than 11,000 merchandise.
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Amansa Funding invested Rs 40 crore in Normal Glass Lining, the corporate goes to launch IPO.
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