Bothra Metals' Rs 12.21cr IPO to open on March 12

Bothra Metals and Alloys, a manufacturer and trader of aluminium, will launch its initial public offer (IPO) of 48.84 lakh equity shares of face value of Rs 10 for cash at a price of Rs 25 per equity share on March 12, 2013.

The issue consists of fresh issue of 25.92 lakh shares for cash agreegating Rs 6.48 crore and an offer for sale of 22.92 lakh shares aggregating Rs 5.73 crore.

Bids can be made for minimum 6,000 equity shares and in multiples of 6,000 shares thereafter.

The company is mainly engaged in the business of manufacturing of aluminium extrusions, non-ferrous metal alloys, aluminium profiles and aluminium billets. It is also engaged in trading of aluminium scrap.

Bothra Metals aims to raise Rs 12.21 crore through the issue, which will close on March 14. Funds raised via fresh issue are proposed to be used for working capital requirements and general corporate purposes.

Equity shares are proposed to be listed on BSE SME platform.

Sarthi Capital Advisors Private Limited is the lead manager for the issue.

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