Corrtech International IPO Details

DescriptionsProviders of pipeline laying solutions including hydrocarbon pipeline laying works in India.
Company has also emerged as amongst the leading player in horizontal directional drilling (HDD) and cathodic protection solutions (CPS) over the years.
Sectorpipeline laying solutions,  Horizontal directional drilling (HDD), Cathodic protection solutions (CPS), manufacture equipment like conditioning skids, pressure vessels, material handling equipment and cathodic protection materials like sacrificial anode for connectivity of oil and gas networks.
MarketIndia, Bangladesh, Kuwait
SubsidiariesCorrtech Energy Limited (CEL), Control Plus Oil & Gas Solutions, Corrosions Cures Pvt Ltd, Prism Procon Pvt Ltd, MJB India Industrial Repairs Private Ltd
Date of inceptionJune 8, 1982
Key PromotersAmit Indrasen Mittal (Chairman and Managing Director)


Major ProjectsCompleted more than 50 Hydrocarbon pipeline laying projects spanning over 3,500 kms in more than 13 states, pipeline from Haldia Oil Jetty to Haldia Coastal Area and Dhobi-Durgapur-Haldia Pipeline section along with spurlines under Jagdishpur Haldia Bokaro Dhamra Pipeline project.
LogoCorrtech International Limited IPO
ContactAdress:- 51, Mahagujarat Industrial Estate,
Opp. Nova Petrochemicals,
B/h Bhagawati Floor Mill,
Sarkhej-Bavla Highway, Village – Moraiya,
Changodar – 382 213,
Gujarat, India
 +91-7926313100
 [email protected]
Corrtech International Limited

Corrtech International Ltd ‘s upcoming IPO

 

Corrtech International Limited , a provider of pipeline laying solutions, has gained approval from capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). According to the Draft Red Herring Prospectus, the public offering includes a

Corrtech International, which filed preliminary IPO papers with Sebi in March, received a “observation” letter from the on July 1, according to a Monday update with the markets watchdog.

Sebi’s observation means that it has given its authority to launch an IPO.

According to the draught papers, the proceeds of the new issue will be used to cover debenture redemption, debt service, and capital expenditure for the purchase of property.

Sebi’s observation means that it has given its authority to launch an IPO.

According to the draft papers, the proceeds from the new issue will be used to fund debenture redemption, debt payment, capital expenditure for the purchase of new equipment, equity infusion into subsidiary company, funding incremental working capital requirements of the company, and general corporate purposes.

 

  • Corrtech Group financial data
  • Corrtect international executed projects
  • Corrtech International order book

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