Trim Plastics IPO : Files DRHP with SEBI

by khalid on 22/01/2011 · 0 comments

Navi-Mumbai based Trim Plastics Limited has informed the share market (BSE/NSE) that they have planning to enter capital markets with its maiden public issue of 5,930,000 equity shares of Rs 10 each constituting 56% of the post issue paid-up equity capital of the company. The company has filed a Draft Red Herring Prospectus (DRHP) on 5th January 2011 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO launching date is depend on the market conditions as per company sources. Trim Plastics Limited produces toothbrushes for a multi-national corporation on a contract manufacturing basis. It procures toothbrush handles and blisters from third parties and then manufactures to a final product at its manufacturing unit.

The proceeds of the IPO amount would be used by the company or backward integration cum expansion for existing manufacturing unit in Gujarat, brand building of its own toothbrush brand ‘Dent-O-Fresh’, widening retail presence and other general corporate purposes.

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 manager to the issue is Onelife Capital Advisors Limited.

Registrar of the Issue : Bigshare Services

Stay tuned to BelltheBull Blog for more news on Trim Plastics IPO !

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