Wednesday, 21 September 2016

Nandini Creation plans to raise Rs 4 cr via IPO : 21 Sept 2016



Jaipur-based apparel manufacturer Nandini Creation Ltd plans to raise Rs 4.04 crore through an initial public offering, said the media report.

Merchant banker Pantomath Capital Advisors along with Indian Overseas Bank has filed the draft prospectus of the company with NSE Emerge - the SME platform of NSE.

Mahaveer Lunawat, the Group MD of Pantomath Advisory Services Group, said that the company proposes to make a fresh issue of 14,55,000 equity shares at a price of Rs 28 per share including share premium of Rs 18 per equity share.

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