Sanco Industries IPO

Sanco Industries ipoSanco Industries ideas a public issue of 75 lk equity stocks which has a face value of Rs 10 every. It has filed drhp with the market-regulator SEBI.

Sanco Industries manufacturing Polyvinyl chloride (PVC) and issue will comprises 55.55percent of the postissue paidup equity stock capital of firm.

The company is in the business of production of rigid plain PVC electrical conduitpipes and profiles,PVC/PPR plumbing pipe and PVC insulated wire & cables . The goods are utilized in high quality outdoor and indoor electrical installations as well as telecommunications wiring applications whilst PVC/PPR plumbing pipe is utilized in drainage, sewage, bore well, cable ducting and water supply in rural and urban-areas.

Firm plans to utilize issue proceeds for enlargement of current production capability; establishing production amenities for copper cable rod as well as long-term working capital needs. Total approximated fund need stands at Rs 33.45 cr.

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