Corrtech International IPO: According to the Red Herring Prospectus (DRHP), fresh shares worth Rs 350 crore will be issued under this IPO.
Corrtech International IPO: Corrtech International, a solution provider company laying the pipeline, is going to bring its IPO. The company has filed a draft paper with the market regulator SEBI for this. According to the Red Herring Prospectus (DRHP), fresh shares worth Rs 350 crore will be issued under this IPO. At the same time, 40 lakh shares will be sold by the promoters of the company under the offer for sale (OFS).
Tata Nexon EV price hiked: Best selling electric car gets expensive; Check new prices of all variants of Tata Nexon EV
Fund will be used here
The proceeds from this IPO will be used for redemption of debentures and payment of debt. Along with this, the fund will also be used for capital expenditure for purchase of new equipment, incremental working capital requirements of the company and for general corporate purposes.
Russia Ukraine War: Ukraine legalizes cryptocurrency in the midst of war, is getting huge donations, will Russia’s troubles increase?
Know about the company
Corrtech International deals in laying hydrocarbon pipelines in India and is one of the leading solution provider companies in this sector. It also provides EPC solutions (Engineering, Procurement and Construction) for process facilities for material and feed handling in oil and gas refineries and petrochemical complexes. Equirus Capital is the sole Book Running Lead Manager of the issue.
(Input-PTI)
,