Dec 29, 2021
The SEBI, on Dec 28, cleared the rules for tightening IPOs near the end of a year in which companies raised a record Rs.1.2 lakh crore in first-time share sales.
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The SEBI, on Dec 28, cleared the rules for tightening IPOs near the end of a year in which companies raised a record Rs.1.2 lakh crore in first-time share sales.
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Tentiwal Wire Products Ltd IPO (Tentiwal Wire IPO) Detail
Incorporated in 1994, Tentiwal Wire Products Ltd offers complete range of product for winding conductors of transformers and AC/DC Motors. Company's manufacture products basically on made-to-order basis as per Customer specification. Marketing is centrally controlled from Mathura.
Currently company manufactures: 1. Copper Wire Units which includes Submersible Motor Winding Wire, Super Enameled Copper Wire, Paper Covered Copper Strips and Wire, Paper Covered Aluminium Strips and Wire. 2. Aluminum Extrusion Units which includes Industrial Section (Heat Sinks), Hardware Section (Rods, Ladders, Tower Bolt, step Ending, Exhibition Section, Ferul, etc.), Furniture Section (Work section Channels, Cover Plate, Photo Frames etc.), Architectural Section (Tubes, Double Partitions, Square tube, Door Top, Patam Tube, Mullion, Bolts, etc) and Several Misc. Section.
Company Promoters: The promoters of the company are: 1. Mr. Radha Pad Tentiwala 2. Mrs. Kumkum Tentiwala 3. Mr. Neelesh Tentiwala 4. Mr. Parag Sharma
Objects of the Issue: The Objects of the Issue are as follows: 1. To reduce overall indebtedness of the Company by repayment of the outstanding loan from Aditya Birla Finance Limited (ABFL). 2. General Corporate Purpose. 3. To Meet the Issue Expenses.
Issue Detail: »» Issue Open: Dec 11, 2013 - Dec 16, 2013 »» Issue Type: Fixed Price Issue IPO »» Issue Size: 1,630,000 Equity Shares of Rs. 10 »» Issue Size: Rs. 2.12 Crore »» Face Value: Rs. 10 Per Equity Share »» Issue Price: Rs. 13 Per Equity Share »» Market Lot: 10000 Shares »» Minimum Order Quantity: 10000 Shares »» Listing At: BSE SME
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