Aastha Minmet India files IPO papers with SEBI

Aastha Minmet India has filed a draft red herring prospectus (DRHP) with SEBI for a public issue of Rs 42 crore.

The company is mainly engaged in domestic and international trading of coal, steel, scrap metal, iron ore, chrome ore, manganese ore and other metals and minerals.

Aastha Minmet have tied up with National Spot Exchange Limited to sell the imported coal through exchange platform.

Issue proceeds will be used for acquisition of Chrome Ore Mine in Turkey; working capital requirements; and general corporate purposes.

The equity shares are proposed to be listed on BSE, NSE and MCX-SX.

Aryaman Financial Services Limited is the book running lead manager and Cameo Corporate Services Limited is registrar to the issue.
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