The company will issue over 57.90 lakh equity shares at the issue price of Rs 24 apiece. The share sale will close on September 2.
The Bhilwara based company said in a statement today that it plans to list its shares on NSE Emerge platform.
The company had earned profit after tax of Rs 9.45 crore in 2015-16 and the net-worth of the company is about Rs 90 crore, the statement added.
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