IPO price fixed at Rs 108 per share
The initial public offer (IPO) of Salasar Techno Engineering for issue of 33.21 lakh shares aggregating Rs 35.87 crore, opens on 12 July 2017. The IPO price is fixed at Rs 108 per share. The net issue will constitute 25.01% of the post issue paid up equity share capital of the company. The IPO closes on 17 July 2017.
The company intends to utilize the proceeds from the issue towards the working capital requirement including margin money and general corporate purpose.
Salasar Techno Engineering is a leading provider of steel solutions in India with global operations spread throughout Asia and Africa.
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