[MyFamilyInvestment] Bothra Metals and Alloys IPO

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Bothra Metals and Alloys, a manufacturer and trader of aluminium, has come out with an IPO of 48.84 lakh equity shares of face value of Rs 10. The company is mainly engaged in the business of manufacturing of aluminium extrusions, non-ferrous metal alloys, aluminium profiles and aluminium billets. It is also engaged in trading of aluminium scrap. Bothra Metals aims to raise Rs 12.21 crore through the issue. The issue consists of fresh issue of 25.92 lakh shares for cash aggregating Rs 6.48 crore and an offer for sale of 22.92 lakh shares aggregating Rs 5.73 crore.

The IPO shall open on 12 March, 2013 and shall close on 14 March, 2013. The company has fixed a price of Rs 25 per equity share.  Bids can be made for minimum 6,000 equity shares and in multiples of 6,000 shares thereafter. So, a retail investor can invest only 6000 shares as it amounts to Rs 1,50,000.

The company intends to utilize the proceeds of the IPO for working capital requirements and general corporate purposes.

The Bothra Metals IPO is proposed to be listed on BSE SME platform. Sarthi Capital Advisors Private Limited is the lead manager for the issue. Sharex Dynamic India Private Limited is the registrar of the issue.

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Posted By Blogger to MyFamilyInvestment at 3/08/2013 01:00:00 AM