NCML Industries, one of the flagship company of Delhi-based NCML Group, will be launching public issue today. It is offering 60,00,000 equity shares of Rs 10 each. It has set price band between Rs 100 to Rs 200 a share.
The offer through book building process closes on Jan. 2, 2015 and the price band has been fixed at Rs 100 to Rs 120 equity share of Rs 10 each. The offer will constitute 25.48% of the post offer paid up equity share capital of the company. The corporate Strategic Allianz is the BRLM for the Issue and Satellite Corporate Services is the Registrar. The equity shares are proposed to be listed on the BSE and NSE.
The company is into the business of importing, manufacturing and marketing of edible oil in India with international presence, dealing in various edible oils such as soya bean oil, cottonseed oil, palm oil (Palmolein), mustard oil, rapeseed oil etc.