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Cool Caps Industries Private Limited is associated with the business of manufacturing a broad range of plastic bottle caps and also closures. This company proposes to open its IPO (Initial Public Offerings) of 30,60,000 Equity Shares of Rs.10 each under the book-creation process aggregating to Rs. 1,162.80 Lakh. Let us find out more about the Cool Caps IPO.
The IPO of Cool Caps is going to hit the primary markets this week on 10 March 2022. The issue will be open for investors on 10 March 2022 and will close on 15 March 2022. Via this public issue that is worth Rs 11.628 crore, the plastic bottle cap manufacturer aims to open its 3.,60,000 equity shares.
Talking on the Cool Caps Industries Limited IPO; Rajeev Goenka, Chairman and Promoter and Managing Director at Cool Caps said,
“We are in the sunrise industry as consumption and demand for the safe and branded Food and Beverages products are increasing. Every bottled product requires caps and closures so opportunities in the markets are numerous. With our long-term relations with our clients and our capability we are in a very good position to capture the growth opportunity."
Mr. Ashok Holani, Director, Holani Consultants Private Limited, BRLM highlighting the Issue and investment rationale stated,
“Cool Caps is one of the leading players in the plastic caps and closure industry with commendable market share and the company is having a continuous track record for the profits. The issue is also fairly priced at the Pre issue P/E multiple of 11.07 on FY21 EPS of Rs.3.43 per share.”
Cool Caps Industries Limited, which manufactures plastic bottle caps and also closures are launching its IPO on 10 march. This IPO is scheduled to be open till 15 march 2022. The company will be listed on the NSE Emerge, and also the MSME platform of NSE (National Stock Exchange). In the above article, we have discussed all the details about the Cool Caps IPO.
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