Chemtech Industrial Valves SME IPO to open on Jan 15

Public issue of 49.52 lakh equity shares of Chemtech Industrial Valves is going to open for subscription on January 15, which will close on January 17, 2014.

January 10, 2014 / 17:49 IST

Mumbai-based valves manufacturer Chemtech Industrial Valves has come out with its public issue of 49.52 lakh equity shares of Rs 10 each.

The issue will be available for subscription during January 15-17, 2014. The company aims to raise Rs 7.43 crore through the issue at a price of Rs 15 per equity share.

The equity shares offered through this issue are proposed to be listed on the SME platform of BSE.

Chemtech Industrial Valves is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types and sizes ranging from 15mm up to 4000mm. The company manufactures and supplies various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry.

Choice Capital Advisors Private Limited is the lead manager to the issue. Bigshare Services Private Limited is a registrar to the issue.

first published: Jan 10, 2014 05:46 pm

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