Wednesday, March 29, 2017

ASL Industries Ltd IPO to open on Mar 31st

ASL Industries Ltd IPO is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 2,800,000 Equity Shares of Rs 10 aggregating up to Rs 9.80 Cr. The price band for the issue has been fixed at Rs 35.

ASL Industries Ltd is engaged in the business of manufacturing of forged products and press shop for Sheet Metal, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblie. Their products have varied applications and are used in various industries like railway, defense and automobile.

The issue opens on Mar 31, 2017 and closes for subscription on Apr 07, 2017. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.