PTI | 05:08 PM,Aug 29,2012
Mumbai, Aug 29 (PTI) Chennai-based Thejo Engineering
Ltd is all set to become the first company to to be listed on
Emerge – the SME platform of the NSE.
Thejo Engineering proposes to enter the capital
markets with a public issue aggregating upto Rs 21 crore
through a book building process. The company has fixed price
band at Rs 402 to Rs 430 per equity share of Rs 10 each,
company president and CEO V A George told reporters here.
The public issue opens on September 4 and closes on
Thejo is an engineering solutions provider for bulk
material handling, mineral processing and corrosion protection
to the core sector industries like mining, power, steel,
cement, ports and fertilisers.
The company proposes to invest the net proceeds of the
issue to set up a poly-urethane unit with investment of Rs
68.28 lakh, expansion of the existing facility with an
investment of Rs 6.87 crore, setting up RD unit with a total
outlay of Rs 2.83 crore and setting up a lining plant with a
total cost of Rs 1.69 crore, all at Chennai.
The company also proposes to investment Rs 6.42 crore
in Thejo Australia Pty Ltd, its Australian
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