IPO comprises a fresh issue of 64.32 lakh equity shares with a face value of Rs. 10 each
The company manufactures a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels
SPCL intends to utilize net proceeds from IPO to meet the working capital requirements, procure new machinery, construct a new assembly line, fund inorganic growth initiatives through unidentified acquisitions and for general corporate expenses
The company posted a revenue of Rs. 63.55 crore in the first nine months of FY24, compared to a revenue of Rs. 82.15 crore in FY23
Corporate Capital Ventures Private Limited is the Book Running Lead Manager, and Skyline Financial Services Private Limited is the Registrar for the issue
Comments
Post a Comment