Mumbai, Feb. 27

JK Cement has finalised the issue price of its recently concluded initial public offering (IPO) at Rs 148 per share.

The company, a leading grey cement producer in Northern India, had entered the capital market with a public issue of two crore shares at a price band of Rs 145 to Rs 155. The issue was subscribed 1.80 times while the QIB portion was subscribed 2.99 times. At the issue price of Rs 148, the company would be mobilising Rs 296 crore.

Our Bureau

(This article was published in the Business Line print edition dated February 28, 2006)
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