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Gallantt Ispat Plans IPO |
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Steel producer Gallantt Ispat Ltd is planning to raise about Rs 40 crore through a public offer and has filed draft papers with the capital market regulator SEBI.The Kolkata-based company plans to hit the capital market with a public issue of 81 lakh shares of face value of Rs 10 each.The issue price of the shares has been fixed at Rs 50 per share.The IPO proceeds would be utilised to part finance the setting up of its integrated steel plant and a flour mill among others. |
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