BSE has given approval to Malpani Pipes and Fittings Limited to launch an IPO which aims to raise INR 25 crore.
Jan 4, 2025
The Bombay Stock Exchange (BSE) has given in-principal approval to Malpani Pipes and Fittings Limited to launch an initial public offering that aims to raise INR 25 crore.
BSE has paved the way for listing up to 30,00,000 company shares on the BSE SME platform. Interactive Financial Services has been appointed lead manager of the public Issue, while Bigshare Services Private Limited has been appointed official registrar of the IPO.
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The net proceeds of the upcoming IPO will be used for capital expenditures on plant and machinery, debt repayment, and general corporate purposes.
