Refex Refrigerants IPO opens July 23
Refex Refrigerants will enter the capital market with its initial public offering on July 23.
By INDIATIMES NEWS NETWORK |
MUMBAI: Refex Refrigerants will enter the capital market with its initial public offering on July 23.
The company plans to raise Rs 24.7 crore with issue of 38 lakh equity shares of Rs 10 each at a premium of Rs 55 per share.
Refex Refrigerants is in the business of refilling hydro fluorocarbon refrigerants. At present, it has an installed capacity of refilling 40 metric tonne cylinders per month of HFC refrigerants.
It plans to utilise the proceeds to part finance its Rs 36.15 crore expansion plan to increase installed capacity to refill 250 metric tonne cylinders per month.
The promoters will contribute Rs 5.95 crore and is raising Rs 5.5 crore through term loan from Centurion Bank of Punjab, which had appraised the expansion plan.
The company’s clientele include Hyundai Motors India, Godrej, Boyce Manufacturing, Blue Star and Carrier Aircon.
Keynote Corporate Services Ltd is the lead manager for the issue and Ashika Capital is the co-lead manager. The equity shares are proposed to be listed on BSE.
The company plans to raise Rs 24.7 crore with issue of 38 lakh equity shares of Rs 10 each at a premium of Rs 55 per share.
Refex Refrigerants is in the business of refilling hydro fluorocarbon refrigerants. At present, it has an installed capacity of refilling 40 metric tonne cylinders per month of HFC refrigerants.
It plans to utilise the proceeds to part finance its Rs 36.15 crore expansion plan to increase installed capacity to refill 250 metric tonne cylinders per month.
The promoters will contribute Rs 5.95 crore and is raising Rs 5.5 crore through term loan from Centurion Bank of Punjab, which had appraised the expansion plan.
The company’s clientele include Hyundai Motors India, Godrej, Boyce Manufacturing, Blue Star and Carrier Aircon.
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Keynote Corporate Services Ltd is the lead manager for the issue and Ashika Capital is the co-lead manager. The equity shares are proposed to be listed on BSE.
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