Public Market

IPO

SME IPO of Nupur Recyclers to open on Dec 13

Economic Times  

The initial public offering of Nupur Recyclers will hit the primary markets on December 13. The company will be listed on NSE Emerge, the SME platform of the exchange. It will offer 57,00,000 equity shares at a fixed price of INR 60 apiece to raise INR 34.2 crore via the primary route. The minimum lot size for investment is 2,000 shares and the minimum investment would be INR 1.2 lakh. Corporate Capital Ventures has been appointed to manage the issue. Nupur Recyclers is a metal recycling and processing player. The company recently forayed into the electric vehicle (EV) market in India.