Auro Impex and Chemicals Limited IPO for 27.06 crore SMEs listed
New Delhi [India]May 23 (ANI/Nova Realtime Solutions LLP): It was an eventful and exciting day for Kolkata’s business ecosystem as the city-based Auro Impex and Chemicals Limited SME went public on May 23, 2023 on the NSE Emerge Platform was listed at a prominent hospitality venue in Kolkata at the bell ringing ceremony that inaugurated the listing, attended by the company’s promoters, the management of the Merchant Bankers of Emission Affinity Global Capital Market Private Limited (AGCMPL), senior NSE officials and prominent figures who were invited as witnesses to the ceremony.
Sanjay Bhalotia, Founder and Chairman of AGCMPL stated that the Rs. 27.06 crores IPO attracted large participation from FIIs and HNIs which was 67 (sixty-seven) times oversubscribed. He believes this development will be an important positive catalyst for other companies in the region.
Madhusudhan Goenka, Managing Director of Auro Impex and Chemicals Limited, expressed his deep satisfaction at the overwhelming response to the IPO. He said “that the company’s key stakeholders are very positive about this development and the funds for the planned expansion will be used for rapid growth and the development of facilities and stores.”
Ayushi Hansaria, Director of AGCMPL, who led the offering on behalf of her organization, added that the IPO’s huge success will boost East India’s entrepreneurial ecosystem and encourage many business owners and companies to tap the capital market for growth expansion.
Auro Impex & Chemicals Ltd is an Auro Group company established in 1994. With a vision to meet the ever-increasing demands of industrial air purification equipment in the industry, the company started expansion in 2006 and built its manufacturing base with expertise abroad. Its state-of-the-art manufacturing facility and extensive national and international network are concentrated specializes in the manufacture, export and supply of discharge and collection electrodes and internal parts and spare parts for electrostatic precipitators (ESP). The company is ISO 9001:2015 certified, which allows it to work with high efficiency and offer our customers the highest quality.
Affinity Global Capital Market Private Limited (AGCMPL), incorporated in 1995, is a SEBI registered Category I merchant banking company in India. AGCMPL is the pioneer in the financial services space with the concept of a centralized, multilateral and diversified solution provider. With a strong management and leadership team, they pride themselves on helping clients achieve their financial and strategic goals.
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