Indian IPO

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Tuesday, June 24, 2008

Birla Cotsyn IPO opens on June 30

Birla Cotsyn (India) proposes to enter the capital markets with a public issue to raise Rs 14,418 lakh through equity shares of face value of Rs 10 each. The issue opens on June 30, 2008 and closes on July 04, 2008. The price band has been fixed at Rs 15-18 per equity share.

The issue price is 1.5 times of the face value at the lower end of the price band and 1.8 times of the face value at the higher end of the price band.

This issue has been graded by CARE and has been assigned the "IPO Grade 3".

Allbank Finance Limited is the book running lead manager to the issue.

Nexgen Capitals Limited, Saffron Capital Advisors Private Limited and Chartered Capital and Investment Limited are the co-book running lead managers to the issue.

Adroit Corporate Services Pvt. Limited is the registrar to the issue.

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