The company will be making investment of USD 150 million in the UAE plant, said Manish Bhatt, CEO, Shilpi Cable Technologies.
Given the company's future growth potential through strong expansion plan with IPO proceeds, dedicated infrastructure, and strategically located CFSs in close proximity to Jawaharlal Nehru Port, majority of brokerages and analysts advise subscribing the issue.
Jewellery manufacturer and retailer PC Jeweller will list its equity shares on exchanges on Thursday, December 27, 2012. The issue price is fixed at higher end of price band of Rs 125-135 per share.