Autoline to enter capital market; files DRHP with Sebi
Published on Wed, Oct 04, 2006 at 16:37 | Source : Moneycontrol.com
Updated at Wed, Oct 04, 2006 at 16:41
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Autoline to enter capital market; files DRHP with Sebi
The Pune based automobile component manufacturer, Autoline Industries has filed its DRHP with Sebi for its proposed 100% book building IPO of equity shares aggregating Rs 75 crore.
The Pune based automobile component manufacturer, Autoline Industries has filed its DRHP with Sebi for its proposed 100% book building IPO of equity shares aggregating Rs 75 crore (Rs 750 million), as per press release.
Autoline is one of the prime suppliers to various automobile companies like Tata Motors , Bajaj Auto , Kinetic Engineering , Mahindra and Mahindra , Fiat, and Walker Exhaust. It exports auto parts i.e. brake shoes for Mercedes Benz Trailers to Saudi Arabia, Dubai etc. A joint venture by the name of Union Autoline Spare Parts LLC, UAE has been set up to promote exports of Auto Components for the Gulf and African Markets.
