Aanchal Ispat is all set to hit the capital markets, through BSE SME Platform, with an initial public offering IPO of 8,004,000 equity shares of Rs 10 each aggregating Rs 16 crore. The issue will open for subscription on November 24, 2014 at a fixed price band of Rs 20 per share, while the public issue will close for subscription on November 26, 2014.
Aanchal Ispat is engaged in manufacturing of Mild Steel TMT Re-bars, Structural Re-bars, Round and other Sectional products as per orders that are used in infra projects. They are also engaged in the trading of the products like Mild Steel Billets, Cement & Clinker, Charcoal and TMT & Structural Re-Bars. The company launched its products under the brand name ‘RELICON’.
