Agriculture solutions provider, Western Agro Tech Innovative Limited is issuing 3.3 million shares (FV- INR 10) to the public at par raising INR 33 Mn though the SME platform of BSE. The issue constitutes 26.36% of the paid up equity share capital of the company.
Swastika Investsmart Limited is managing the issue for Western Agrotech.
The fund plans to use the proceeds to establish Agro based Hi-tech Unit/ Green Houses, to setup Plant/ Machineries and Building and to set up Research & Development.
Dadra and Nagar Haveli based, Western Agrotech is in the field of Green House, Net House and Poly House in the field of Agriculture. It also provides Green House Structure, Net House, Poly House, Drip Irrigation System, Greenhouse Irrigation / Fogging & Misting System, Landscape Irrigation System, etc along with services for Green House Project Consultant & Turnkey Projects.
The company had revenues INR 8,694 Mn with a PAT of INR INR 253 Mn for 2013.
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