Bothra Metals and Alloys IPO opens for subscription
The Rs 12.21 crore IPO of Bothra Metals and Alloys, a manufacturer and trader of aluminium, has opened for subscription on Tuesday.
March 12, 2013 / 12:53 IST
The Rs 12.21 crore IPO of Bothra Metals and Alloys, a manufacturer and trader of aluminium, has opened for subscription on Tuesday.
The company offers 48.84 lakh equity shares of face value of Rs 10 each through public issue and the issue price is fixed at Rs 25 per equity share.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.Also Read - Repco Home Finance to raise Rs 270 cr from IPO Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
