Core4 Engineers Limited Files DRHP With BSE SME
Mumbai (Maharashtra) [India], March 31: Core4 Engineers Limited is an Engineering, Procurement, Construction and Commissioning (EPCC) company provides integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission...
Mumbai (Maharashtra) [India], March 31: Core4 Engineers Limited is an Engineering, Procurement, Construction and Commissioning (EPCC) company provides integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. The company has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO. The issue size will be of upto 58,94,400 Equity Shares of face value of ₹ 10 each.
As Core4 Engineers Limited moves forward with its IPO plans, the funds raised will be used in funding capital expenditure for the acquisition of a property comprising land and an existing building, proposed to be utilized for establishing and operating a new manufacturing unit and corporate office, funding incremental working capital requirements, general corporate purposes and issue related expenses.
