Electrical cables wires and plastic pipe manufacturer Sanco Industries Ltd. filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise Rs.14 crore.
The company plans to utilize the IPO proceeds for capital expenditure on existing manufacturing capacity of PVC pipes and wire and cable, working capital requirement and general corporate purpose.
Keynote Corporate Services Ltd. is the book running lead manager and Beetal Financial & Computer Services (P) Ltd. is the registrar to the issue
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.