ASL Industries is coming out with an initial public offering (IPO) of 28,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 35 per equity share. The issue will open on March 31, 2017 and will close on April 07, 2017. The shares will be listed on NSE Emerge Platform.
The company will use the issue proceeds for funding the working capital requirements, general corporate expenses and issue expenses.
The book running lead manager to the issue is Guiness Corporate Advisors, while the compliance officer for the issue is Simi Sen.
ASL Industries is engaged in the business of manufacturing of forged products and press shop for Sheet Metal, Light & Medium Fabrication, Forging and Machined Components, specializing in Assemblies & Sub-Asemblie. Its products have varied applications and are used in various industries like railway, defense and automobile.
