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Mumbai May 21 Decolight Ceramics Ltd, a manufacturer of vitrified ceramic tiles, plans to enter the capital market by issuing equity shares of Rs 10 each at a price band of Rs 45-54 per share.

The company plans to raise Rs 43.45 crore through a 100 per cent book building process.

The issue opens on May 24 and closes on May 29.

The objective of the issue is to raise capital to finance its expansion, which includes raising capacity of vitrified tiles from 6,000 sq. m to 12,000 sq. m per day.

It has also proposed to set up two wind generators having a capacity of 1.25 MW and 2.1 MW each.

Post-issue, the promoters share would come down to 50 per cent.

IDBI Capital Market Services Ltd is the book running lead manager to the issue and Bigshare Services Pvt Ltd is the registrar to the issue.

More Stories on : IPOs | Ceramics

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