Gujarat Raffia Industries

EPW Research Foundation Spectra Industries SPECTRA INDUSTRIES (SIL) was incorporated on July 23, 1992 and obtained its certificate for commencement of business on August 14, 1992, but till now there has not been any manufacturing or trading activity. SIL proposes to manufacture a wide range of automobile sheet metal components like doors, panels, bonnets, dashboards, etc, The estimated total cost of the project is Rs 11.73 crore. After detailed project planning, obtaining of government permission and tieing up of the funds required for the project, the company is now coming out with a public issue of 34,30,000 equity shares of Rs 10 each at par aggregating Rs 343 lakh on September 15. The company is situated at village Murbad. Thane, in Maharashtra which is well connected by road and rail; the telecommunications link is also well provided for. Besides these advantages, the company enjoys easy availability of power, water and skilled manpower and proximity to potential buyers like Premier Automobiles and other automobile manufacturers. The issue will be lead managed by BOI Finance, 20th Century Finance and Dynamic Share Services.