Malu Paper Mills to set up new unit at Nagpur

Mumbai, Mar 2 (UNI) Malu Paper Mills is coming out with its maiden initial public offer (IPO) for 66,67,000 equity shares of Rs ten each at a premium of Rs 30 per share aggregating Rs 20 crore.

The issue opens on March 6 and closes on March 10. The issue prices of Rs 30 per share is three times the face value.

Malu Paper Mills director D L Malu told mediapersons here today that the Company will utilize the proceeds to part finance setting