Indo Rama Synthetics has raised funds through issuance of 8,30,00,000 equity shares by way of preferential issue on private placement basis to promoter group Company, Indorama Netherlands B.V., subsidiary of Indorama Ventures Public Company at Rs 36 per equity share aggregating to Rs 298.80 crore, and also issuance of 1,72,00,000 equity shares to Siam Stock Holdings at Rs 36 per equity share aggregating to Rs 61.92 crore on private placement basis.
Above investments aggregates to amount worth Rs 360.72 crore. The fund raised will be used for long-term working capital & future growth requirements.
Indo Rama Synthetics (India) has focused business activities in the field of Textiles, Polyesters and Industrial Chemicals.
| Company Name | CMP |
|---|---|
| Indo Rama Synth | 38.10 |
| Banswara Syntex | 112.75 |
| Ganesha Ecosphere | 1034.05 |
| Raj Rayon Industries | 21.40 |
| Pasupati Acrylon | 48.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: