Signals, Powered By EquityPandit
Shakun Polymers has filed draft red herring prospectus (DRHP) with SEBI, for the proposed IPO.
The public offer comprises of fresh issue of equity shares aggregating up to Rs.75 crore and an offer for sale of up to 18 lakh equity shares by selling shareholders. The company plans to use the net proceeds from fresh issue towards setting up of new unit for manufacturing Halogen Free Flame Retardant (HFFR) compounds and general corporate purposes.
Furthermore, Vivro Financial Services Private Limited is the book running lead manager to the offer and Link Intime India Private Limited is the registrar to the issue.
Read EquityPandit’s Technical Analysis of Indian Stock MarketÂ
