Archidply IPO : Archidply Industries files DRHP with SEBI

Archidply Industries IPO will raise Rs 550 million from the capital markets, in this regard the company filed its draft red herring prospectus with Securities and Exchange Board of India (SEBI) on Nov. 5, 2007.

Archidply Industries is part of the Archidply group which is  the leader in plywood manufacturing for more than 30 years.  Archidply proposes to introduce new products thereby leveraging their extensive distribution channels. Archidply Industries will utilize the funds primarily to set up a new manufacturing facility at Chintamani in Karnataka and at Rudrapur, Uttarakhand.

Archidply IPO subscription date and the price band of the Archidply Industries IPO is not yet announced. Visit us regularly for more information regarding the Indian IPO’s.