Business Daily from THE HINDU group of publications
Thursday, Nov 22, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 22, 2007 ePaper | Mobile/PDA Version |
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Markets
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IPOs Our Bureau Mumbai, Nov. 21 Renaissance Jewellery Ltd, a company exporting studded gold and platinum jewellery, at the close of its issue was subscribed 23.63 times across the price band today on the NSE. The total number of bids received at cut off price was 18170910 and the total number of bids received was 125822835. The issue was subscribed 23.12 times by qualified institutional investors, 55.9 times by non institutional investors and a total of 10.5 times by retail investors. The proceeds from the issue will be used to fund the company’s capacity expansion at its Bhavnagar and Mumbai units, investments in the foreign subsidiary and augmenting working capital requirements. Edelweiss Capital Ltd is the sole book running lead manager to the issue. More Stories on : IPOs | Gems & Jewellery
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