Ahlada Engineers IPO to Open on Sep 11, Price Band at Rs 147-150

New Delhi, Sep 5 (PTI) Steel doors manufacturer Ahlada Engineers' initial public offering (IPO) will open on September 11 to raise Rs 51 crore.

The IPO will see sale of 34,05,000 shares with a price band of Rs 147 to Rs 150 apiece, the company said in a statement.

The initial share-sale will close on September 18.

Proceeds of the issue will be utilised for the purchase of machinery, funding of working capital and other general corporate purposes.

Saffron Capital Advisors will manage the IPO and shares will be listed on the NSE's SME platform.

******* Mahagram rolls out Android-based PoS devices *

Fintech firm Mahagram has rolled out Android-based point of sale (PoS) devices at its retail networks at e-Gram Kendras across the country.

The micro ATM will enable the consumers to withdraw cash from nearby e-Gram Kendras or Mahagram outlets, it said in a release Wednesday.

It will also deliver value-added services, including applications requiring Aadhaar and PAN card details, as well as payment of utility bills.

"Partnering with banks we have taken a target to deploy nearly 1 lakh new micro ATMs and BC outlets," Ram Pathade, CEO, Mahagram said in a statement.

It has an established network of nearly 20,000 agents covering nearly 75,000 villages.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)