IPO by Shivalik Engineering Industries comprises a fresh issue of Rs 335 crore IPO News: Shivalik Engineering Industries, one of India’s prominent foundries, has set its sights on the capital markets with an ambitious plan to raise funds through an initial public offering (IPO). The company, known for its robust manufacturing capabilities in casting products, has filed a draft red herring prospectus with the Securities Exchange Board of India (SEBI) to initiate this strategic move. Overview of the IPO The proposed IPO by Shivalik Engineering Industries comprises a fresh issue of Rs 335 crore. Additionally, existing shareholders and promoters intend…
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