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AVR Valves to raise Rs 100 crore via IPO

Wednesday 13th Jul 2011 1359

AVR Valves to raise Rs 100 crore via IPO

Mumbai : Rajkot-based vales maker, AVR Valves Private Limited is planning to raise Rs 100 crore through the initial public offering (IPO) during the current financial year.

The company plans to setup an automatic valve manufacturing unit in the city.

"We are preparing for an IPO by the end of current financial year. The issue size will be around Rs 100 crore," said R K Jain, chairman of the company.

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