Tuesday, March 21, 2017

Creative Peripherals and Distribution IPO to open on Mar 29th

Creative Peripherals and Distribution Ltd IPO is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 1,800,000 Equity Shares of Rs 10 aggregating up to Rs 13.50 Cr. The price band for the issue has been fixed at Rs 440 at lower level and Rs 460 at upper level.

Creative Peripherals and Distribution Ltd distributes consumer electronics to retailers and resellers in India. The company distributes IT, imaging, lifestyle, and telecom products. They provides distribution services of both volume business and value business products. They have partnered with a number of renowned brands for distribution in the country.

The issue opens on Mar 29, 2017 and closes for subscription on Apr 03, 2017. The equity shares of the issue are proposed to be listed on the SME Platform of NSE.