Shanti Inorganics to raise ₹47 crore via IPO on NSE Emerge

Shanti Inorganics, a manufacturer and supplier of sulphur-based inorganic chemicals, plans to raise ₹47 crore through an IPO on NSE Emerge. The company will issue 56.91 lakh equity shares in the price band of ₹79 - ₹83 per share. The net proceeds from the IPO will be used for part funding the capital expenditure for setting up a new manufacturing facility at Ahmedabad in Gujarat, which will manufacture Sodium Meta Bisulphite, Sodium Bisulphite, and Ammonium Bisulphite.

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