V-Guard Industries files IPO papers
The issue will constitute 25.46 per cent of fully diluted post issue paid-up capital.
By INDIATIMES NEWS NETWORK |
MUMBAI: V-Guard Industries is planning an initial public offer of 76,00,000 equity shares of Rs 10 each, at a premium to be decided through 100 per cent book building process.
The issue will constitute 25.46 per cent of fully diluted post issue paid-up capital.
The Kerala-based company, engaged in the manufacturing and marketing of electrical and electronic products, proposes to use the proceeds for setting up facilities for cable manufacturing in Coimbatore and Uttranchal; enameling plant at Coimbatore; development and pilot production plants for water heaters, fans and pumps at Himachal Pradesh and Coimbatore; service and distribution centres at Bangalore, Hubli and Vijaywada.
The book running lead manager to the issue is Anand Rathi Securities.
The issue will constitute 25.46 per cent of fully diluted post issue paid-up capital.
The Kerala-based company, engaged in the manufacturing and marketing of electrical and electronic products, proposes to use the proceeds for setting up facilities for cable manufacturing in Coimbatore and Uttranchal; enameling plant at Coimbatore; development and pilot production plants for water heaters, fans and pumps at Himachal Pradesh and Coimbatore; service and distribution centres at Bangalore, Hubli and Vijaywada.
The book running lead manager to the issue is Anand Rathi Securities.
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