New SME IPO: Solar PV, Lithium-Ion battery maker RCRS may go public
Fri, May 10, 2024 3:54 PM

New SME IPO: Solar PV, Lithium-Ion battery maker RCRS may go public

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Lithium-Ion battery maker RCRS Innovations is expected to raise Rs 30-32 crore via IPO in mid-June with the price band at Rs 60-70 per share, two sources aware of the matter told Moneycontrol requesting anonymity.According to the DRHP, the public offer will be entirely a fresh issue of shares. The company intends to utilise net proceeds from the offering to meet its working capital requirement.

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