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Saturday, April 08, 2006

Uttam Sugar Mills to list on April 10

Uttam Sugar Mills will list on the stock exchanges on April 10, 06. Its BSE ID is 532729 and NSE ID is UTTAMSUGAR.

The stock was issued at Rs 340 per share. The issue was subscribed 4.80 times.

The company had entered the capital market on March 16 with a public issue of 40,00,000 equity shares of Rs 10 each through 100% book building process. The price band had been fixed at Rs 290-340.

The company intended to utilise the funds raised through this issue to part finance its expansion plan involving an investment of Rs 286 crore (Rs 2.86 billion).

Uttam Sugar Mills is promoted by Adlakha family, having experience in providing turnkey solutions for setting up sugar mills of over 20 years.

IL&FS Investsmart and IDBI Capital Market Services were the book running lead managers and Intime Spectrum Registry was the registrar to the issue.

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