Somany Ceramics has raised Rs 120 crore through Qualified Institutional Placement (QIP) route. The company has approved the issue and allotment of 35,34,600 equity shares of face value Rs 2 each to Qualified Institutional Buyers (QIB) at the issue price of Rs 339.5 per equity share.
Somany Ceramics is a pioneering manufacturer, supplier and exporter of Floor Tiles, Wall Tiles, Sanitary Ware including urinals, basins, etc. Somany strives to bring its customers floor, wall, vitrified, ceramic, porcelain and innovative tiles that are the very latest in the world.
