One other IPO of ₹450 crore is coming, there can be solely new shares; Draft deposited with SEBI – #INA
Mangal Electrical Industries IPO: Rajasthan-based Mangal Electrical Industries desires to lift Rs 450 crore by means of IPO. For this, the corporate filed a draft purple herring prospectus (DRHP) with the capital market regulator SEBI on 24 December. Solely new shares can be issued in IPO, there can be no OFS. Subsequently, your entire proceeds of the IPO will go to the corporate.
Mangal Electrical Industries manufactures transformer elements. It might increase as much as Rs 90 crore in a pre-IPO placement earlier than submitting the purple herring prospectus with the Registrar of Firms for the IPO launch. If this occurs then the scale of the IPO will scale back.
Mangal Electrical Industries additionally manufactures transformers and customised merchandise for the facility infrastructure business by means of 5 manufacturing vegetation in Rajasthan. It manufactures transformers starting from single-phase 5 KVA to 3-phase 10 MVA (medium energy). It additionally supplies EPC providers for set up {of electrical} substations to fulfill the wants of the facility infrastructure sector.
Greaves Electrical Mobility will carry IPO, papers filed with SEBI
One other IPO of ₹450 crore is coming, there can be solely new shares; Draft deposited with SEBI
देश दुनियां की खबरें पाने के लिए ग्रुप से जुड़ें,
#INA #INA_NEWS #INANEWSAGENCY
Copyright Disclaimer :-Below Part 107 of the Copyright Act 1976, allowance is made for “truthful use” for functions corresponding to criticism, remark, information reporting, educating, scholarship, and analysis. Truthful use is a use permitted by copyright statute that may in any other case be infringing., academic or private use suggestions the steadiness in favor of truthful use.
