One more company has finally submitted IPO papers with the market regulator – Securities & Exchange Board of India (Sebi) to raise the fund up to INR 500 Crore. This is good news for the investors to get an opportunity to earn a handsome amount in short time.

This Initial Paper Offering comprises the fresh issue of shares around INR 85 crore and an offer for sale of around 38,98,575 equity shares by the shareholders as per the draft papers filed with Sebi – a stock market regulator.

Edelweiss Financial Services Ltd, IDFC Bank Ltd and ICICI Securities will manage this initial public offer (IPO).

The Latinia Ltd will sell up to 28,46,829 shares through IPO, Ashish Baheti – 6,57,341 equity shares, Atul Ladha – 3,94,405 equity shares.

About the Vectus Industries:

Noida, Uttar Pradesh based, Vectus Industries is a leading B2C water storage & piping solutions offering water storage tank, plastic water tank and plastic pipe fitting. With 3500 dealers, 14 manufacturing units, more than 10,000 retail counters and 9 depots around the country.