Financial Daily from THE HINDU group of publications
Friday, Aug 13, 2004
Financial Daily from THE HINDU group of publications Friday, Aug 13, 2004 |
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Markets
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IPOs Crew B.O.S. to raise Rs 14 cr thru IPO Our Bureau
New Delhi , Aug. 12 FASHION accessories company Crew B.O.S. on Thursday announced an initial public offering to raise Rs 14 crore by floating 40 lakh shares of Rs 10 each at a premium of Rs 25. Of these, five lakh shares will be picked up by promoters at the same offer price. The proceeds of this IPO will be used for capacity expansion of existing manufacturing facilities of fashion and travel bags, belts, wallets and other home products. Part of the proceeds will also be utilised for setting up a retail outlet at Gurgaon, its MD , Mr Tarun Oberoi, told reporters. The equity shares of Crew B.O.S. are proposed to be listed on the BSE and NSE, with the issue opening on August 19.
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