New Delhi, Jun 18 (PTI) Kanpur-based Anubhav Plast Ltd will launch its initial public offering on Friday to raise around Rs 24 crore to fund its new manufacturing units and other expansion projects, according to a statement.
The Rs 24-crore IPO comprises a fresh issue of 30 lakh shares and will close for subscription on June 23 on the BSE SME platform, the company said in the statement.
The company has fixed the price band at Rs 77 to 80 per share.
The IPO is being managed by Capital Square Advisors Pvt Ltd.
The company is engaged in the manufacturing of ERW steel pipes and steel tubular poles.
Proceeds will be used by the company to set up a new manufacturing facility for the production of crash barriers and solar panel structures within the existing
manufacturing premises, meeting working capital requirements, and general corporate purposes.
In FY25, the company reported a revenue of Rs 98.16 crore and a profit after tax of Rs 6 crore. PTI HG HVA
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