SEBI's observations are necessary for any company to launch public issues such as IPO, follow-on public offer and rights issue
The offer comprises of a fresh issue of equity shares aggregating up to Rs 150 crore and an offer for sale of up to 6,402,650 equity shares of Century Metal Recycling by the promoters including Gauri Shankar Agarwala (up to 793,243 equity shares), Mohan Agarwal (up to 788,955 shares).
Since its inception in 2006, CMR has cemented its place as India's largest maker of aluminium-based die cast alloy, used by manufacturers of automobiles and equipment to make parts.
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