Archidply IPO: Finance Trading Times

Archidply IPO

Archidply IPO
There is a new IPO from the hardware and wood work industries to hit the Indian Markets. Plywood maker Archidply Industries Limited is coming out with its IPO or initial public offering.
What is the size of the Archidply IPO?
The Archidply IPO is expected to raise around 528 million Indian rupees from the Archidply IPO.

How many shares will be offered for sale through the Archidply IPO?
A total of around 6.6 million shares will be offered for sale that will mean around 31% of the total company share percentage.

What is the price band or price range of Archidply IPO shares?
The Archidply IPO shares will be offered within a price band of 7- to 80 Rs. per share. This will value the company at around 1.75 billions Rupees.

Where will the capital raised be used by the Archidply IPO?
The fund raised from the Archidply IPO will be used to setup two new business units for further business expansion.
The company plans to scale up its manufacturing capacity to 45 million square metres from 22 million square metres
It would set up a new particle board making unit in the southern state of Karnataka and another unit in the northern state of Uttarakhand to manufacture medium density fibreboard

What are the business valuations and market outlook of the Archidply IPO?
The Archidply Industries limited expects good demand for its products due to the boom in the real estate and infrastructure sectors
What are the opening dates for the Archidply IPO?
The Archidply IPO issue opens on June 11 to June 17, 2008.
Lead managers are Motilal Oswal Investment Advisors Pvt Ltd.
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