Analysis and Insights into the world of IPOs and investing in India

Tuesday, June 10, 2008

Archidply Industries IPO - Objects of Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
  • Setting up a new manufacturing facility of Plain Particle Board (PPB), Pre Laminated Board (PLB) and decorative plywood at Chintamani in Karnataka;
  • Setting up a new manufacturing capacity for medium density fibreboard (MDF) at Rudrapur in Uttarakhand;
  • Margin Money for Working Capital;
  • General Corporate Purposes;
  • Meeting the Public Issue Expenses.

  • Archidply Industries IPO Info:
    Issue Size: 66,15,720 Equity Shares of Rs. 10/- each
    Issue Opens on: June 11, 2008
    Issue Closes on: June 17, 2008
    Price Band: Rs 70/- to Rs 80/- per equity share
    BRLM: Motilal Oswal Investment Advisors Pvt Ltd
    Registrar: Karvy Computershare Private Ltd
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