MoneyWorks4Me

Deep Industries planning to raise funds upto Rs 150 crore

04 Aug 2017 Evaluate

Deep Industries is planning to raise funds upto an aggregate amount of Rs 150 crore through issuance of securities including equity shares and/or other securities convertible into equity shares including through Public issue and/or on a private placement basis and/or preferential issue or any other kind of issue by way of further public offer or right issue or including through a Qualified Institutional Placement (QIP). The board of directors at their meeting held on August 4, 2017, has considered the same.

Deep Industries has been serving the industry in various segments with the foremost being providing Air & Natural Gas Compressor Services on chartered hire basis, wherein company commands a healthy market position and is also the first company in India to offer such services.


Peers
Company Name CMP
ONGC 237.95
Oil India 479.00
Jindal Drilling&Inds 591.05
Deep Industries 766.55
Asian Energy Service 474.30
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