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Tentiwal wire files DRHP on BSE SME
Edited by : AL CIRCLE
2 min read
Tentiwal Wire Products has filed a DRHP on BSE SME platform to raise a little more than R2 Cr by issuing 1630000 equity shares of R13 each. The net proceeds will be utilized to reduce overall indebtedness of the Company by repayment of the outstanding loan from Aditya Birla Finance Ltd and for other corporate purpose.
The company is primarily engaged in the business of manufacturing of Wire and Aluminum Products. It started its operations in 1995 by manufacturing Polyester & Polypropylene Insulated winding wire for submersible Motor Pumps and has expanded its business in various other types of Winding Wires.
It is supplying its products directly to Original Equipment Manufacturers under the brand name POLYROSE.
The company currently offers range of products for winding Conductors of transformers and AC/DC Motors which includes: Copper wire units and Aluminium Extrusion units. It has 33 major equipments at Mathura Plant for manufacturing and packing of products.
Tentiwal purchases raw material for its products on regular basis from Hindalco Industries Limited.
The global aluminum industry is forecast to reach an estimated $160 Bn in 2017 with a CAGR of 5.3% over the next four years. The aluminum industry is highly consolidated. The Asia Pacific (APAC) region dominates the industry.
The Indian aluminum extrusions market has an installed capacity of about 5,20,000 Metric Tonnes per annum which is likely to see a double digit growth over the next few years due to robust demand from all its consumer segments, particularly Building & construction, power and electrical and automobile sectors.
The company is primarily engaged in the business of manufacturing of Wire and Aluminum Products. It started its operations in 1995 by manufacturing Polyester & Polypropylene Insulated winding wire for submersible Motor Pumps and has expanded its business in various other types of Winding Wires.
It is supplying its products directly to Original Equipment Manufacturers under the brand name POLYROSE.
The company currently offers range of products for winding Conductors of transformers and AC/DC Motors which includes: Copper wire units and Aluminium Extrusion units. It has 33 major equipments at Mathura Plant for manufacturing and packing of products.
Tentiwal purchases raw material for its products on regular basis from Hindalco Industries Limited.
The global aluminum industry is forecast to reach an estimated $160 Bn in 2017 with a CAGR of 5.3% over the next four years. The aluminum industry is highly consolidated. The Asia Pacific (APAC) region dominates the industry.
The Indian aluminum extrusions market has an installed capacity of about 5,20,000 Metric Tonnes per annum which is likely to see a double digit growth over the next few years due to robust demand from all its consumer segments, particularly Building & construction, power and electrical and automobile sectors.
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