Annu Projects Ltd. A company active in the EPC sector for its upcoming IPO at Rs. 94 to Rs. 99 price band has been announced. The company's IPO will open on August 25 and close on August 28. The company through this IPO raised Rs. 175 crore plan to raise funds. Out of this fund Rs. 115 crores for working capital requirement and 15 crores for capital expenditure requirements of the company and purchase of machinery and equipment. The remaining amount will be used for general corporate purposes.
Annu Projects will raise funds of Rs 175 crore through IPO (Business) is featured on Aapnu Amdavad — the digital home of Ahmedabad, where Amdavadis discover news and everything happening across the city.