• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , March 23

Stock broking firm Emkay Share and Stock Brokers Ltd on Thursday said it has fixed a price band of Rs 100-120 per share for its initial public offering of 62,50,000 equity shares of Rs 10 each.

The company hopes to mobilise Rs 75 crore (at upper price band of Rs 120 per share) through the public issue.

The proceeds will be used for expansion of the company's operations and branch network in the country and overseas, the company's managing directors - Mr Krishna Kumar Karwa and Mr Prakash Kacholia - told a news conference here.

The IPO will open for subscription on March 31.

Officials said Emkay would also invest in upgrading its technology of the existing business, besides scaling up of its e-broking business, investment in subsidiaries and augmenting working capital requirement.

The Mumbai-based company holds memberships of the Bombay Stock Exchange and the National Stock Exchange, and is a depository participant with CDSL.

The company also plans to acquire membership of commodity bourses MCX and NCDEX through its 100 per cent subsidiary.

More Stories on : IPOs | Financial Services

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Karvy upbeat on retail financial biz

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line