Automark Industries, an ISO 9001: 2000 certified company is planning to come up with an Initial Public Offering (IPO) of upto 1,25,00,000 equity shares of face value Rs. 10 each. The company has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI).
Automark Industries is engaged into manufacturing of thermoplastic Road Marking materials, primers for application of thermoplastic Road Marking materials on concrete roads, water borne marking paints, cobralite retro reflective paint. The company also manufactures Road Marking machineries which are used in the application process of Road Marking paints.
The company will be using the issue proceeds for the following purposes:
The book running lead manager is Comfort Securities and registrar to the issue is Sharepro Services.
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