Kolkata-based Newever Trade Wings today launched its initial public offering (IPO) of 63.20 lakh equity shares of a face value of Rs 10 each. The issue will be available for subscription till October 03.
The issue price is fixed at Rs 10 per share. Equity shares are proposed to be listed on the BSE SME platform. Newever Trade Wings that currently engaged in the business of trading of iron & steel and other commodities intends to use issue proceeds (of Rs 6.32 crore) for augmenting long term working capital and public issue expenses. Inventure Merchant Banker Services Private Limited is the book running lead manager and Sharepro Services (India) Private Limited is the registrar to this issue.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!
