Non-ferrous metal scrap processor Nupur Recyclers files draft prospectus for IPO with NSE Emerge
The leading company in the non-ferrous metal scrap processing and recycling in India, Nupur Recyclers has filed a draft prospectus with the NSE Emerge, the National Stock Exchange of India's new initiative for small and medium-sized enterprises and start-up companies from India, to raise funds via an initial public offering (IPO).
Nupur Recyclers is also a renowned name in the field of import of non-ferrous metal scraps such as aluminium Zorba grades, shredded zinc scrap, zinc die-cast scrap and zurik ss scrap.
The issue will incorporate a fresh offering of 5,700,000 shares. However, the North India based metal recycling company has appointed investment banks such as Corporate Capital Ventures Private Limited and ICICI Bank to manage its public issue, while the receipts from the issue will be used to empower the scrap recycling firm’s next level of growth.
Nupur Recyclers Limited (NRL), a member of the Material Recycling Association of India revealed 169.82% growth in revenue in H1 FY 2021-22 against H1 FY 2020-21, with gross revenue earnings of approximately INR. 83 Crore. The rise in revenue is largely propelled by the extensive demand for recycled metal across the country, particularly from the Automotive, Power, Home furnishing and Roads and Transport sectors.
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