Tulsi Extrusions IPO to raise up to 485 million rupees
Tulsi Extrusions Ltd plans to raise up to 485 million rupees through an initial public offering of shares, starting on Feb. 1, it said on Monday.
The maker of PVC pipes based in Jalgaon, Maharashtra, has set a price band of 80 rupees to 85 rupees a share, and plans to sell 5.7 million shares, it said in a regulatory filing.
The company intends to use the issue proceeds for expanding manufacturing capacity for pipes and moulded fittings at Jalgaon, and for working capital requirements, it said in its draft prospectus.
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