Business Daily from THE HINDU group of publications
Friday, Feb 01, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 01, 2008 ePaper | Mobile/PDA Version |
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Markets
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IPOs Industry & Economy - Real Estate & Construction Our Bureau Hyderabad, Jan. 31 KNR Constructions Ltd, an infrastructure project development company, has fixed the issue price at the lower end of the price band at Rs 170 per equity share for its initial public offering of 78.74 lakh equity shares of Rs 10 each. The company had fixed the price band at Rs 170-180 a share. The issue comprises a net issue to the public of 77.34 lakh shares of Rs 10 each and a reservation for eligible employees of up to 1.4 lakh shares. The issue and the net issue respectively constitute 28 per cent and 27.5 per cent of the fully diluted post-issue equity share capital of the company. The bid/issue closed on January 29 and was subscribed 1.25 times based on the preliminary bidding data received from the stock exchanges on the closing day, the company said in a press release today. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange. More Stories on : IPOs | Real Estate & Construction
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