Monomark Engineering (India) has received the Securities and Exchange Board of India’s (SEBI) approval to raise funds through initial public offering (IPO). The proposed IPO comprising a fresh issue of up to 2.70 crore equity shares with no offer-for-sale component.
The company plans to use funds to support its incremental working capital requirements and general corporate purposes.
Monomark Engineering (India) is engaged in the business of providing Industrial Operations and Maintenance (O&M) services, Metal Fabrication solutions and Industrial Project Execution services to a diversified base of industrial clients across multiple sectors like metals, cement, ports, engineering/OEMs to a wide range of industrial and infrastructure clients.
