Tirupati Inks Ltd is entering in the capital markets with a follow-on public offer aggregating to Rs 51.5 crore. The price band for the issue has been fixed at Rs 41/- at lower level and Rs 43/- at upper level for equity share of Rs 10/-.
Tirupati Inks Limited is presently engaged in the business of manufacturing of printing ink & printing cylinders and trading of polyester films and other packaging materials. Tirupati has two manufacturing facilities i.e. one at Kanpur & another at Jammu. At Kanpur Unit, mainly printing ink is manufactured apart from a small volume of printing cylinders and at the Jammu Unit, only printing ink is manufactured.
The issue opens on Sep 14, 2010, and closes for subscription on Sep 17, 2010. The equity shares of the company is presently listed on Delhi Stock Exchange (DSE) and are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).