Udaipur based Mewar Hi-Tech Engineering is set to come out with and Initial Public Offering (IPO) of 10,62,000 equity shares (face value: Rs 10 each) at a fixed price of Rs 22 per equity share.

The issue opened today on September 30, 2016 and will be closing on October 06, 2016. Shares of the firm will be listed on the SME platform of Bombay Stock Exchange (BSE). The firm is planning to raise Rs 2.34 Cr via this issue.

The company, Mewar Hi-Tech Engineering was incorporated in 2006 as a private limited company. The company was, subsequently in 2009, converted into a public limited company via a special resolution.

Pantomath Capital Advisors is the book running lead manager for the issue.