Vasuki Global received Sebi nod

May 22, 2024 admin Leave a reply Post Comment

Vasuki Global IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Vasuki Global IPO Company Details to watch

Vasuki Global Industries is a vertically integrated procurement and processing agent offering multifaceted and end to end solutions to its customers, who are engaged in various industries. The business of the Company is mainly divided into two segments, viz., (i) offering of procurement and processing solutions primarily with respect to various types of imported as well as domestic coal, including but not limited to Indonesian coal, Australian steam coal, Mozambique steam coal, South African coal, U.S. coal and Russian coal, etc; and (ii) logistics services by way of surface transportation. It processes various types of coal in its coal processing and segregating unit situated at village Nana Dahisara, Morbi, wherein it screens and segregates coal in various sizes, according to the requirements of its customers. It also offers procurement solutions in respect of other petroleum products such as oil and liquified petroleum gas, refractory materials, raw material and finished products used in cement industry as well as construction industry. It offers procurement and processing solutions either directly to its customers engaged in various industries, including but not limited to metals and minerals, cement, steel and construction, or through our agents. Its customers also include small scale traders. Over the years, it has established
longstanding relationships with a diverse set of customers.
As of March 31, 2023, 44 customers have been associated with the company for longer
than six years. As of March 31, 2023, the Company served a total of 766 customers. .

For more information about the company, click www.vasukigroup.com 

Vasuki Global IPO Promoters
BANKIM KANTILAL MEHTA AND HARSHMA BANKIMBHAI MEHTA

Objects of the Vasuki Global IPO
This is fresh issue of capital 
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Funding capital expenditure requirements of the logistics division of the Company, towards purchase of goods transportation vehicles;
2. Investment in its Subsidiary, Vasuki Cement Private Limited for part-financing its capital
expenditure requirements in relation to the setting up of a manufacturing facility for manufacturing various
grades of cement at Revenue Survey No. 133, Village Vershamedi, Taluka Maliya, District Morbi, Gujarat, India; and
3. General Corporate Purposes.

Vasuki Global IPO GMP Details to watch Guidance & Subscription

Vasuki Global IPO Guidance:
Vasuki Global Industries is a vertically integrated procurement and processing agent offering multifaceted and end to end solutions to its customers, who are engaged in various industries. The business of the Company is mainly divided into two segments, viz., (i) offering of procurement and processing solutions primarily with respect to various types of imported as well as domestic coal, including but not limited to Indonesian coal, Australian steam coal, Mozambique steam coal, South African coal, U.S. coal and Russian coal, etc; and (ii) logistics services by way of surface transportation. 
Financial Analysis: Once the price band is announced, we will post our guidance.

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Vasuki Global IPO GMP Guidance