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Proceeds from the general public difficulty will likely be used for financing the undertaking value in direction of capability enlargement and backward integration for manufacturing of hole pipes, to fulfill working capital necessities and for common company functions.
The corporate has about six years of expertise in manufacturing of stainless-steel tubular merchandise in two broad classes — seamless tubes & pipes; and welded tubes & pipes.
The corporate below the model identify “Venus” provides its merchandise for purposes in numerous sectors together with chemical substances, engineering, fertilizers, prescribed drugs, energy, meals processing, paper and oil and fuel.
It is without doubt one of the rising stainless-steel pipes and tubes producers and exporters in India.
SMC Capitals is the only real guide operating lead supervisor to the problem. The fairness shares of the corporate are proposed to be listed on BSE and NSE.
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