Alkali Metals IPO : Alkali metals files draft with SEBI

Hyderabad based Alkali Metals Limited is planning for Initial Public offer of 3,846,100 Equity shares with face value of Rs. 10/- each for cash at a price which is to be decided later in the book building process.The issue shall constitute 35.66% of the post issue paid up capital of the company.

The Objects of the Alkali metals IPO are as follows:
(A) The Company plans to set up an API plant at Jawaharlal Nehru Pharma City at Visakhapatnam.
(B) General Corporate Purposes.
(C) Meet the expenses of the Issue.

The Book Running Lead Manager for the Alkali Metals IPO is Religare Securities Limited and Came Corporate Services Limited is the Registrar for the Alkali IPO.

The Equity Shares offered are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) and the Company has received in-principle approvals from these Stock Exchanges for the listing of its Equity Shares. The Bombay Stock Exchange Limited (“BSE”) shall be the Designated Stock Exchange for the purpose of this issue.

For more information read the draft prospectus of  Alkali Metals IPO