Malu Paper Mills Plans Expansion,Files Draft Prospectus with SEBI.
Wednesday, 11 January , 2006,

Mumbai: Nagpur-based Malu Paper Mills Limited has filed its Draft Prospectus with SEBI to raise Rs 20 crore through an IPO to part finance its Rs 70 crore expansion project.

The Issue comprises of 66.67 lakh equity shares of Rs 10 each for cash at a premium of Rs 20 per share, the company said in a release. |Read more Finance news.|

The company will set up a 150 tonnes per day (TPD) Paper Manufacturing Plant along with Six Megawatt Captive Power Project at Nagpur.

Microsec Capital Limited is the Lead Manager to the Issue and Intime Spectrum Registry Limited is the Registrar.

Malu Paper Mills has already established two units with a capacity of 8,250 TPA of Kraft paper and 19,800 TPA of Newsprint, the release added

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