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Archidply Industries will enter the capital market on 11 June 2008 with an initial public offer of 66.15 lakh equity shares. The issue will close on 17 June 2008.
The price band has been fixed at Rs 70 to Rs 80. The company proposes to list its equity shares on the National Stock Exchange and Bombay Stock Exchange.
Archidply Industries manufactures comprehensive engineered interior products which include plywood, block board, plain and pre laminated particle board, decorative laminates and decorative veneers.
The capital raised from the issue will be deployed to set up a new manufacturing facility of plain particle board, pre laminated board and decorative plywood at Karnataka. The capital will also be deployed to set up a new manufacturing capacity for medium density fibreboard (MDF) at Rudrapur in Uttarakhand. Also the proceeds will be deployed towards margin money for working capital.
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