Tarini International to launch 16 cr IPO on June
9
06/06/2014 15:29
Tarini International Ltd is set to launch its Initial Public Offering on June 9 with an issue of 39.78 lakh equity shares at an issue price of 41 per share to raise total funds of 16.30 crore. The shares would be listed on the BSE SME platform. The issue would open for subscription on June 9 and close on June 13, reported PTI. According to a company statement, Tarini International proposes to utilise part of the net proceeds of the issue to finance long-term incremental working capital requirements and also for brand building. Further, it also proposes to renovate its registered office and meet general corporate expenses from the funds raised through this IPO, the company statement added. The company has evolved as an engineering arm to provide financial and technical consultancy related to hydro power generation, transmission and distribution and infrastructure.
06/06/2014 15:29
Tarini International Ltd is set to launch its Initial Public Offering on June 9 with an issue of 39.78 lakh equity shares at an issue price of 41 per share to raise total funds of 16.30 crore. The shares would be listed on the BSE SME platform. The issue would open for subscription on June 9 and close on June 13, reported PTI. According to a company statement, Tarini International proposes to utilise part of the net proceeds of the issue to finance long-term incremental working capital requirements and also for brand building. Further, it also proposes to renovate its registered office and meet general corporate expenses from the funds raised through this IPO, the company statement added. The company has evolved as an engineering arm to provide financial and technical consultancy related to hydro power generation, transmission and distribution and infrastructure.
