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Thursday, March 16, 2006

BL Kashyap to list on March 17


BL Kashyap & Sons will list on March 17. Its BSE ID is 532719. The share was issued at Rs 685.

The company entered the capital market on February 20 with a public issue of 27,50,000 equity shares of Rs 10 each. There was also a greenshoe option of upto 2,50,000 equity shares to be lent by Vineet Kashyap, one of the company’s promoters.

The price band for the IPO was at Rs 625-700 per equity share. The issue was subscribed 15.16 times.

Edelweiss Capital was the book running lead manager to the issue.

The Kashyap family has been in the business of construction and allied services since 1978.

The company provides construction solution on “design build” model. The company’s present activities primarily involve construction services including turnkey projects that comprise civil construction, electrical, plumbing, fire fighting, air conditioning and other works.

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