Saturday, June 21, 2008

Sejal Architectural IPO Subscribes 9.75 Times

(RTTNews) - Sejal Architectural Glass initial public offer of 91.94 lakh equity shares of Rs.10 each for cash subscribed 9.75 times at close as per NSE data. The 100% book building issue is fixed a price band of Rs.105 to Rs.115 per share.

The issue constitutes 32.84 % of the fully diluted post issue paid-up equity capital of the company. The IPO proceeds would be utilized on setting up a float glass manufacturing facility with an installed capacity of 2-lakh metric tonne per annum in Bharuch, Gujarat.

Total numbers of bids were received for 8,96,31,120 shares out of which bids for 2,36,85,480 shares were received at cut-off price.

Saffron Capital Advisors is the book running lead manager to the issue.

Courtesy: tradingmarkets.com

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