Will listing of arm add value to Pennar Ind?

The stock of Pennar Industries could attract traders’ interest as its subsidiary files for public issue. Pennar Engineered Buildings Systems has filed a draft red herring prospectus with SEBI on Friday. The proposed initial public offering consists of fresh issue of equity shares and offer for sale by selling shareholders. The firm engages in the design, manufacture, supply and erection of pre-engineered steel buildings and building components.