Eureka Conveyor Belting’s IPO will get approval, know what’s the firm’s plan – INA NEWS

Eureka Conveyor Belting IPO: Bombay Inventory Alternate (BSE) has authorized the Draft Crimson Herring Prospectus (DRHP) of Eureka Conveyor Beltings Restricted for IPO. The corporate plans to boost funds by means of the IPO to fulfill its capital expenditure and dealing capital wants and for common company functions. The corporate plans to problem as much as 53,28,000 contemporary fairness shares within the upcoming IPO, every of which could have a face worth of ₹10.

About Eureka Conveyor Belting

Eureka Conveyor Beltings is a Rajasthan based mostly firm. It manufactures and exports many merchandise together with conveyor rubber belt, industrial rubber belt, industrial conveyor belting, heat-resistant conveyor belt. Its providers embody belt choice, troubleshooting, splicing protocol steering and technical assist to handle recurring points.

Beeline Capital Advisors Pvt Ltd has been appointed because the guide working lead supervisor to the difficulty, whereas Kfin Applied sciences Ltd will act because the registrar to the difficulty.

Eureka Conveyor Belting Providers and Financials

The corporate’s complete product portfolio contains textile conveyor belts in a number of grades. Like- impact-resistant, fire-resistant, heat-resistant variants. The corporate’s manufacturing services are positioned in Kota, Rajasthan, and are geared up with superior conveyor belting presses. It has a manufacturing capability of 2000 meters every single day. In FY24 the corporate has achieved Income of ₹14062.37 Lakh, EBITDA of ₹2245.51 Lakh and PAT of ₹1242.49 Lakh.

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