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IPO

Packaging solutions provider Mitsu Chem Plast files papers to raise Rs.125-Cr

Economic Times  

Packaging solutions provider Mitsu Chem Plast has filed preliminary papers with capital markets regulator Sebi to raise INR 125 crore through an Initial Public Offering (IPO). The proceeds will be used to repay debt, to fund working capital requirements and for general corporate purposes. Mitsu Chem Plast manufactures polymer-based moulded products used for industrial packaging in industries such as chemicals, agrochemicals, pharmaceuticals, lubricants, food and edible oil.