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Chemtech Industrial Valves to hit capital markets on January 15, 2014

13 Jan 2014 Evaluate

Chemtech Industrial Valves is set to hit the capital markets, through BSE SME, with an initial public offering IPO of 49.52 lakh equity shares of Rs 10 each aggregating upto Rs 7.50 crore. The issue opens for subscription on January 15, 2014 at a fixed price band of Rs 15 per share, while the public issue will close for subscription on January 17, 2014.

Moreover, Choice Capital Advisors is the book running lead manager and Bigshare Services is the registrar to the issue.

Chemtech Industrial Valves is engaged in the business of manufacturing carbon steel and stainless steel industrial valves of various types and sizes ranging from 15mm up to 4000mm. The company manufactures and supplies various types of ball, butterfly, globe, gate and check valves and have a significant customer base in the steel industry.

Peers
Company Name CMP
Bharat Heavy Elect. 422.00
Thermax 3364.10
Kirloskar Industries 3481.75
Skipper 541.95
INDO-MIM 1272.60
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