Comments
Inventure Growth & Securities Ltd, the flagship company of Inventure Group today announced price band of Rs 100 to Rs 117 per equity share for its initial public offer of 70 lakh equity shares of Rs 10 each.
The issue opens for subscription for all bidders on July 20, 2011 and closes on July 22, 2011. The issue is being made through 100 per cent book building process.
“The price band of the issue has been fixed at Rs 100 to Rs 117 per equity share of Rs 10. The company is expected to raise Rs 70 crore at lower price band and Rs 81.80 crore on upper price band of the issue,” Intensive Fiscal Services, Vice President - Investment Banking, Mr Brijesh Parekh said.
Major portion of the IPO proceeds will be utilised as an investment in one of the subsidiaries Inventure Finance Private Limited and for augmenting long term working capital requirements, Mr Parekh said.
The equity shares of the company are proposed to be listed on the BSE and NSE. Intensive Fiscal Services Private Limited is the sole book running lead manager of the IPO.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.