Renol Polychem will launch on the NSE SME platform this Thursday. The IPO was subscribed 6.83 times. The IPO price is Rs 105 per share. The company aims to raise Rs 25.77 crore through this IPO. Renol Polychem manufactures colour masterbatches and plastic pigments. The IPO proceeds will fund machinery purchases and working capital.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets