Financial Daily from THE HINDU group of publications
Wednesday, Aug 25, 2004
Financial Daily from THE HINDU group of publications Wednesday, Aug 25, 2004 |
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Markets
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IPOs Indiabulls IPO at Rs 16-19; issue opens on Sept 6 Our Bureau
Mumbai , Aug. 24 INDIABULLS Financial Services has priced its initial public offering (IPO) in the range of Rs 16-19 per share of the face value of Rs 2. The IPO will open on September 6 and close on September 20, Indiabulls said in a statement on Monday. The IPO will be for 2.71 crore shares representing around 25 per cent of Indiabulls enlarged capital, and will be offered through the book-building process. The company has filed its red herring prospectus with the Registrar of Companies on Monday. The book running lead managers to the IPO are SBI Capital Markets Ltd and DSP Merrill Lynch Ltd. Indiabulls is focused on the retail market and offers online and traditional brokerage services and distributes financial services products.
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