Sunday, March 17, 2013

Lakhotia Polyesters IPO to open on Mar 19th

Lakhotia Polyesters (India) Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 1,452,000 Equity Shares of Rs 10/- each aggregating upto Rs 5.08 crore. The price for the issue has been fixed at Rs 35/- per share.

Lakhotia Polyesters (India) Limited is engaged in the business of yarn manufacturing. Company manufacturer Polyester Lacqured coated films, Transfer foils and M type metallic yarns, which are appropriate for textile, printing, decoration and packing industry and manufacturing of grey fabrics used in sarees and as interline cloth. The yarns produced by the Company are used for made ups in apparels, hosiery, home furnishings & garment industry.

The issue opens on Mar 19, 2013 and closes for subscription on Mar 21, 2013. The equity shares of the issue are proposed to be listed on the SME Platform of BSE Limited.

Click here to get more detail about Lakhotia Polyesters IPO.