Nupur Recyclers, a leading metal recycling and processing industry, has today announced that its Initial Public Offering (IPO) of 57,00,000 shares will be open for subscription fr December 13, 2021, to December 15, 2021, at a fixed price of Rs. 60 per equity share.
The minimum lot size for investment is 2000 shares and the minimum investment would be Rs. 1,20,000.
Commenting on the development, Mr. Rajesh Gupta, Founder of Nupur Recyclers, said, “While having witnessed exponential business growth in India, we are really glad to take Nupur Recyclers to yet another level with the Initial Public Offering. Proceeds from the issue will be used to fuel the company’s next level of growth. For us, this is just the beginning as we have embarked on a journey to encourage environmental sustainability through a variety of initiatives, and gaining public support at such a crucial point in the company’s journey will only strengthen our vision to keep moving ahead with a strong vigor.”
“The company has witnessed a YoY gowth of Rs 105.98 crore in its revenue for FY 2020-21, and is expected to record over 50% growth this fiscal year,” the statement said.
Corporate Capital Ventures Private Limited is appointed to manage its public issue.
