Shilpi Cable seeks regulator nod for Rs 55.88 crore IPO
Published on Wed, Sep 08, 2010 at 21:53 | Source : Reuters
Updated at Wed, Sep 08, 2010 at 21:58
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Shilpi Cable seeks regulator nod for Rs 55.88 crore IPO
Radio frequency cable maker Shilpa Cable Technologies Ltd said on Wednesday it has filed an application with India's market regulator to raise Rs Rs 55.88 crore through an initial public offering (IPO) of shares.
Radio frequency cable maker Shilpi Cable Technologies Ltd said on Wednesday it has filed an application with India's market regulator to raise Rs Rs 55.88 crore through an initial public offering (IPO) of shares.
Proceeds from the issue would primarily be used as capital expenditure on cable/wire assembly shop, tools for 3G enabling, augmenting cable manufacturing capabilities, it said in a press release.
D and A Financial Services is the sole book running lead manager to the issue, it added.
