Opal Luxury Time Products Ltd To Come Out With Fresh Issue Of Equity Shares To Raise INR130 Million-Business Standard
Business Standard reported that Opal Luxury Time Products Ltd is coming out with a fresh issue of equity shares to raise INR130 million via its Initial Public Offer (IPO). Post the issue, Opal will be listed on EMERGE - NSE's small and medium enterprises (SME) exchange. The issue is priced at a band of INR130-INR135 and will be open for subscription between March 25th and 28th. The Company plans to use the issue proceeds to invest in moulds, tools and equipments and indigenisation of designs for expanding its manufacturing facility and to enhance its brand building activities.
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