Wednesday, September 28, 2016

Mewar Hi-Tech BSE SME IPO to open on Sep 30th

Mewar Hi-Tech Engineering Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 1,062,000 Equity Shares of Rs 10 aggregating up to Rs 2.34 cr. The price band for the issue has been fixed at Rs 22.

Mewar Hi-Tech Engineering Ltd is an ISO 9001:2008 certified company engaged in the manufacturing of heavy machines like crushers, mixers and industrial material handling equipments. Company's products are sold under the brand name "Kingson".

The issue opens on Sep 30, 2016 and closes for subscription on Oct 06, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.