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Bharat Wire Ropes files IPO papers


28 Jul 2015
Bharat Wire Ropes has filed draft papers with Sebi to float an initial public offer (IPO) - taking the total number of companies approaching the capital markets regulator since the beginning of the year to 23.

According to Draft Red Herring Prospectus (DRHP) filed with Sebi, Bharat Wire Ropes aims to raise Rs 70 crore through the issue.

The proceed of the issue would be utilised for setting up a manufacturing plant at Chalisgaon, Maharashtra and for general corporate purposes.

The issue would be managed by Intensive Fiscal Services and BOB Capital Markets.
Source: Dion Global   Type: IPO Related