Clastek Engineering Limited Filed DRHP With NSE Emerge
Mumbai (Maharashtra) [India], October 3: Clastek Engineering Limited, a Sriperumbudur-based integrated mould-to-component engineering compan...
Mumbai (Maharashtra) [India], October 3: Clastek Engineering Limited, a Sriperumbudur-based integrated mould-to-component engineering company manufacturing injection moulds, moulded components and fixtures for the automobile, medical equipment, consumer durables and Electronics Manufacturing Services (EMS) industries, has filed its Draft Red Herring Prospectus with the Emerge Platform of the National Stock Exchange of India Limited (NSE Emerge) in preparation for its Initial Public Offering (IPO).
The IPO will comprise a Fresh Issue of up to 55,00,000 equity shares with a face value of ₹ 10 each, with no Offer for Sale component. The equity shares are proposed to be listed on the EMERGE Platform of the National Stock Exchange of India Limited.
The company’s objective is Expansion of its existing manufacturing facility at K-22 (2), SIPCOT Industrial Park, Mambakkam Village, Sriperumbudur, Tamil Nadu, Capital Expansion, Repayment or prepayment, in full or in part, of certain borrowings availed by the Company, Funding working capital requirements, and for general corporate purposes.