Max Flex and Imaging System IPO : Files DRHP with SEBI

by khalid on 19/12/2010 · 0 comments

Mumbai based Max Flex and Imaging System Pvt. Limited has informed the share market (BSE/NSE) that they have planning to enter capital markets with its maiden public issue of 5,310,000 equity shares of Rs 10 each constituting Rs — crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 2nd December 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. MAX Flex and Imaging Systems Pvt. Ltd. is the Leading supplier of printing consumables in the Nation. Since its conception in 1968 Max is growing at a very steady yet rapid pace in India as of today under the brilliant leadership of Mr Hitesh Rajnikant Jobalia who is second generation torch bearer of the founder of this company.

The proceeds of the IPO amount would be used by the company to set up a Max Apollo Flex Digital Limited, setting up an ink manufacturing plant, setting up of 5 industrial showrooms, setting up of five industrial showrooms, long term working capital requirements and for other general purposes.

Promoters of the company are MR. Hitesh Jobalia, MR. Nimesh Shah And MR. Kirti Doshi.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The book running lead managers to the issue are Anand Rathi Advisors Limited and SMC Capitals Limited.

Registrar of the Issue : Bigshare Services Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more news on Max Flex and Imaging System IPO !

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