Company is a stainless-steel tubes and pipes manufacturer based in India having over 14 years of experience. Company's products are broadly categorised into: (i) seamless tubes/pipes; and (ii) welded tubes and pipes, under five (5) product lines, namely, (i) stainless steel seamless pipes; (ii) stainless steel seamless tubes; (iii) stainless steel seamless U tubes; (iv) stainless steel instrumentation tubes; and (v) stainless steel welded tubes and U tubes (Products or Stainless Steel Products)....
This week, ten IPOs are set to open, four in the mainboard segment and six in the SME space. Four listings are lined up, including two from the mainboard category, while two companies were listed in the past week.
Incorporated in Oct’20, Company manufactures polyester textured yarn (‘PTY Yarn’), unbleached synthetic grey fabric from its three manufacturing units located in Surat, Gujarat which are equipped with total of 15 texturizing machines, 6 warping machines, 700 water jet looms & 10 folding machines with current aggregate installed capacity of 2,332.80 lakh meters per annum which is proposed to be augmented by 1,127.52 lakh meters per annum with Unit 4 (proposed funding from IPO proceeds) which will constitute 32.58% of capacity post expansion.
The mainboard segment is seeing a pickup in activity, with two new IPOs set to launch after a quiet couple of weeks. The SME segment remains active with two IPOs opening for subscription, two ready to list, and one having listed on May 19.
