Shakun Polymers has filed draft papers with capital markets regulator Sebi to float an initial public offering.
The IPO comprises fresh issue of shares worth Rs 75 crore and an offer for sale of up to 18 lakh equity stocks by the existing shareholders, according to the draft papers filed with Securities and Exchange Board of India (Sebi).
Shakun is a leading player in the field of compounds for the wire and cable market. It has two manufacturing facilities at Halol district in Gujarat and one at Daman, having a total installed capacity of over 25,000 metric tonnes per annum.
Proceeds of the issue will be utilised towards setting up of new unit for manufacturing Halogen Free Flame Retardant (HFFR) compounds and general corporate purpose.
Vivro Financial Services Pvt Ltd will manage the company's public issue and shares will be listed on BSE and NSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app