Shakun polymers is one of the salient companies in the industry of compounding for the cable and wire market. It has filed its DRHP with Sebi – a market regulator for the proposed Initial Public Offering (IPO). This IPO comprises equity shares of INR 75 Crore & also an offer for sale around 18 Lac equity shares by the selling shareholders.

The purpose behind this IPO is to set up of a new unit for HFFR (Halogen Free Flame Retardant) compounds & some other corporate purpose.

This equity shares will be listed on BSE and NSE after getting the green signal from Sebi. The registrar is Link Intime India Private Limited for the issue and the book running lead manager is Vivro Financial Services Private Limited for the issue.

About Shakun Polymers:

Shakun Polymers is a Vadodara based manufacturers of wires & cables and having two manufacturing units, one at Halol district in Gujarat state and second at Daman. It’s one of the leading exporters and the first movers for Manufacturing of Halogen Free Flame Retardant (HFFR) compound from India.

The domestic & international clients include KEI Industries Limited, Polycab Wires Private Limited RR Kabel Limited, KEC International Limited, Alfanar Cables, Dubai Cable Company Limited, Abhar Wire & Cable Co, Moghan Wire & Cable Co. and Nuhas Oman LLC.