Somi Conveyor Beltings Ltd a manufactures and exporter of Rubber Convyor Belts plans for an Intial Public offer (IPO) of Rs 14.37 Crore. The company has filed its DRHP with SEBI recently.
The company plans to use the IPO proceeds in setting up of new manufacturing unit,Purchase of Land and Building for the office premises and meeting margin money required for the enhanced working capital.
The Company has a very long list of Clientele, among them are ACC, Aditya Birla Group of Companies, L&T, Essar Steel, TATAs, Ambuja Group etc. in private sector favouring the Company with their repeat orders.
The Equity Shares offered through this issue are proposed to be listed on Bombay Stock Exchange Limited (BSE), the Designated Stock Exchange.Lead mangers to the issue is Ashikha Capital Limited and the Registrar for Somi Conveyor Beltings IPO is Mondkar Computers Pvt Ltd.
For Somi Convery Beltings IPO Draft prospectus Click here.
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