Business Daily from THE HINDU group of publications
Thursday, Dec 20, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Dec 20, 2007 ePaper | Mobile/PDA Version |
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Markets
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IPOs Mumbai, Dec. 19 The public issue of Aries Agro Ltd, a fertiliser manufacturing company, was subscribed 7.62 times on the last day of its issue. The qualified institutional investor portion was subscribed by 8.15 times, retail segment 6.42 times, and HNI by 8.5 times. The proceeds of the IPO will be used for setting up four new manufacturing units in Ahmedabad, Lucknow, Medak (Andhra Pradesh), and one in Maharashtra. SREI Capital Markets Ltd is the sole book running lead manager of the issue. Each plant would be set up at a cost of Rs 2- Rs.2.5 crore. The company already has four manufacturing units. - Our BureMore Stories on : IPOs | Fertilisers
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