Clastek Engineering files DRHP for IPO on NSE Emerge

Clastek Engineering, a mould-to-component engineering firm, has submitted its Draft Red Herring Prospectus to the NSE Emerge Platform for an initial public offering. The IPO will involve the sale of up to 55 lakh equity shares. The funds raised will be allocated towards expanding the company's manufacturing facility, clearing debts, meeting working capital needs, and general corporate expenses.

GYR Capital Advisors will serve as the lead manager, while Cameo Corporate Services has been designated as the Registrar. Clastek Engineering specializes in crafting molds based on customer product designs, adhering to global standards in both design and manufacturing. The company's products find applications in the automotive and agricultural equipment industries.

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