SEL Manufacturing Company Ltd’s book built initial public offering of up to 46.38 lakh equity shares is likely around the third week of July.
The company plans to expand capacities in spinning, knitting and garment manufacturing at a total cost of Rs 184.5 crore. The debt of Rs 103.7 crore is fully tied up under Technology Upgradation Fund Scheme.
The total income of SEL rose to Rs 201.8 crore in 2006-07 (Apr-Mar) from Rs 64.34 crore in 2004-05 at a compounded annual growth rate of 77.13%.UTI Bank is the mandated book running lead manager for the IPO.
Read more in The Economic Times article.
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