News Column

Bansal Roofing Products Plans IPO On BSE SME

June 1, 2014

Gujarat based @Bansal_Roofing Limited is issuing 6.8 lacs equity shares of R30 each aggregating to R2.04 Cr on BSE SME platform. The net issue will constitute 29.3% of the equity share capital of the company. Hem Securities is the lead manager to the issue.

Incorporated in 2008, the company is mainly a manufacturer of roofing sheets and roofing accessories such as colour coated roof sheets, FRP Roof Sheets, Polycarbonate Sheets. It also manufactures Eco Ventilators and other miscellaneous Roofing Accessories and provides all roofing solutions.

Steel production in India recorded a growth rate of 4.8 per cent in February 2014 over 2013. The cumulative growth during April– February, 2013–14 stood at 4.2 per cent over the corresponding period of the previous year and contributes nearly 2% of the GDP.

The total market value of the Indian steel sector stood at US$ 57.8 billion in 2011 and is expected to touch US$ 95.3 Bn by 2016.

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Source: DealCurry (India)

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