Monday, May 14, 2018

Shakun Polymers files draft papers with SEBI for IPO

Shakun Polymers Limited is based in Gujarat and headquartered in Vadodara. The company is ISO-9001 certified and their manufacturing facility is in Halol district and one at Daman as well. Shakun Polymers filed DRHP with SEBI for IPO. The company to come up with an offer includes fresh issue of equity shares worth to 75 crore and an offer for sale of 18,00,000 equity shares of the existing share holders.

Vivro Financial Services will be the lead manager of the offer while Link Intime will be the registrar. The company is going to list on NSE and BSE.

The company has installed capacity of 25000 MP p.a. The are one of the top manufacturer of HFFR compounds and leading exporters from India. The company already have their presence in countries in Asia, Middle East, Africa and South America. They export 50% of their products while they have good hold in the domestic market as well. The client list includes Polycab Wires Private Limited, KEI Industries Limited, KEC International Limited, RR Kabel Limited, Apar Industries Limited, Dubai Cable Company (Private) Limited, Alfanar Cables, Tekab Company Limited, Nuhas Oman LLC, Moghan Wire & Cable Co. and Abhar Wire & Cable Co..