Financial Daily from THE HINDU group of publications
Thursday, Feb 16, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 16, 2006 |
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Markets
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IPOs Nitco Tiles IPO opens on Feb 22 Our Bureau
Mumbai , Feb. 15 NITCO Tiles Ltd will enter the capital market on February 22 with its IPO of one crore equity shares of Rs 10 each for cash at a price to be determined through 100 per cent book-building process. The issue will remain open till February 27. The price band for the issue has been fixed at Rs 140-168. The company intends to deploy the net proceeds from the issue to expand its existing manufacturing facilities of ceramic floor tiles and enter the wall tiles segment by acquiring an existing unit or setting up a greenfield facility. It also plans to install windmills to reduce power costs. The company has appointed UTI Bank, IL&FS Investsmart Ltd, and Karvy Investor Services Ltd as the book running lead managers for the public issue.
More Stories on : IPOs | Ceramics
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