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Duplex Industries files DRHP with SEBI

12 Aug 2011 Evaluate

Duplex Industries has filed Draft Red Herring Prospectus with Securities Exchange Board of India (SEBI) for an initial public offering (IPO). Arihant Capital Market is the Book Running Lead Manager and Sharex Dynamic (India) is the Registrar to the issue.

The company intends to use the issue proceeds towards financing the cost of setting up a new unit for manufacture of Wires and Cables; to finance the cost of expansion of existing unit at Silvassa for manufacture of Bare and Insulated Copper Strips and Conductors; to finance the margin money requirement for working capital.

Duplex Industries, ISO 9001-2000 certified since 2005, manufactures copper wire products such as Bare Copper Wires, Copper Wire plated or coated with tin or silver, Tin Wire, Enamelled Copper Wire, Strips, Bunched Copper Wire and Strips and Bus Bars. These products have widespread application in power, electrical, electronics and telecommunications segments. The company has four manufacturing units located across India and caters to the domestic markets and also exports products to countries like U.K., Singapore, Hong Kong and Sri Lanka.

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