Kolkata, Mar 3 (PTI) City-based Cool Caps Industries Limited, maker of a wide range of plastic bottle caps and closures, on Thursday said it is coming out with an initial public offering to raise funds to fuel growth and list on the MSME platform NSE Emerge.

The company proposes to open its IPO of 30,60,000 equity shares of Rs 10 each under book building process aggregating Rs 11.62 crore to meet working capital requirements and for general corporate purposes.

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The issue will open on March 10 and close on March 15.

Founded in 2015, Cool Caps manufactures closures and caps for bottles of soda, soft drinks, mineral water and others in units situated at Howrah in West Bengal and Kotdwar in Uttarakhand.

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The company has other businesses too.

(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)