Toothbrush manufacturer Trim Plastics proposes to enter capital market with an initial public offering of 59.3 lakh equity shares, which shall constitute 56% of the fully diluted post issue paid up capital of company. The company has filed draft red herring prospectus (DRHP) with the market regulator SEBI.
Trim is engaged in manufacturing toothbrushes. Current installed capacity is 42 lakh pieces per month. Company currently produces toothbrushes for a multi-national corporation on a contract manufacturing basis. Issue proceeds will be used for backward integration cum expansion plan for existing manufacturing unit at Gujarat; brand building activities ofDiscover 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!
