Ess Dee Aluminium Ltd files DRHP with SEBI

Mumbai, Aug 21 (UNI) Ess Dee Aluminium Ltd (EDAL) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to enter the capital market with its initial public offering of equity shares.

The company proposes to offer 69.60 lakh shares of Rs ten each for cash at a premium to be decided through the 100 per cent book building process. The equity shares are proposed to be listed on Bombay and National stock Exchanges.

In a statement here EDAL's Chairman&Managing Director Sudip Dutta said, ''The IPO is an important milestone in realizing our larger corporate vision. It would help strengthen EDAL's position in the Pharmaceutical Packaging business and tap future growth opportunies in Aluminium foil based Pharmaceutical, FMCG and Food Packaging business.'' The Book Running Lead Managers to the issue are UTI Securities Ltd and Enam Financials Consultants Pvt Ltd.

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