Opto Eurocor Healthcare would increase about Rs 1,000 cr via IPO

Medical instruments manufacturer Opto Circuits ( India) mentioned that its totally owned subsidiary Opto Eurocor Healthcare would increase about Rs 1,000 cr via IPO.

Opto Eurocor Healthcare plan to increase up to Rs 1,000 cr via the IPO, Opto Circuits ( India) mentioned.The promoters will dilute about 25percent share,’ Opto Circuits Director_Finance V Bhaskar mentioned.

However, he rejected to provide a timeline for the public offer stating ‘it would rely on market situations’. Mr Bhaskar stated the profits of the IPO would be mainly used by the firm to set up producing features, 2 in India and 1 in Malaysia.

A part of the fund would also be utilized for putting in capabilities at present factories and fresh item improvements but did not offer a detailed break-up. Opto Eurocor Healthcare creates medical stents utilized in several cardiovascular surgeries.

 

Tags; Opto Eurocor Healthcare increase IPO , Opto Eurocor Healthcare ipo ,  Opto Circuits ipo details

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

What Are The Securities Anyone Can Invest In?

What Are The Securities Anyone Can Invest In? * Stocks * Derivative products * Government Securities * Units of MF (Mutual Funds) for example., are a few of the stock investors in the securities market can ...…

Who determines the IPO price?

Who determines the IPO price? The regulators don't play a role in fixing the price for IPO issues. The firm determines the value or price band in discussion along with ...…

What is Lock-in?

What is Lock-in? "Lock-in" implies a freeze on the shares sale for a several time period. SEBI rules have stipulated lock-in needs on stocks of promoters mainly to ...…

Mean For Preferential Issue

Mean For Preferential Issue A Preferential issue is an issue of stocks or of convertible securities through listed firms to a select number of person's under Section 81 of ...…

Short Term Share Trading

Short Term Share Trading Short term share trading means purchasing stocks and holding them for several time period is called Short term share trading. Short term trading involves buying ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics