HK Trade International is coming out with an initial public offering (IPO) of 12,72,000 equity shares of face value of Rs 10 each to raise Rs 2.29 crore for cash at a fixed price of Rs 18 per equity share. The issue will open on August 31, 2015 and will close on September 03, 2015. The shares will be listed on SME platform of BSE.
The share is priced at 1.8 times higher to its face value of Rs 10. The book running lead manager to the issue is Intensive Fiscal Services, while compliance officer for the issue is Deep Shah.
The company is into the business of manufacturing and supplying of adhesive tapes and synthetic paper (teslin papers) from jumbo rolls of adhesive tapes and synthetic paper (teslin) respectively. It operates as an important intermediary in the packing material supply chain, whereby it purchase materials such as tapes, labels, papers, etc., in the roll form which is further cut and repacked into smaller rolls.
| Company Name | CMP |
|---|---|
| Exide Inds | 330.05 |
| Amara Raja Energy | 778.45 |
| HBL Engineering | 786.60 |
| Eveready Inds. India | 302.45 |
| Indo-National | 326.15 |
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