Asahi Songwon Colors Limited IPO to open tomorrow

The Initial Public Offering of Asahi Songwon Colors Limited will open for subscription on Wednesday - May 9, 2007. The issue closes for subscription on Tuesday - May 15, 2007.

The company is coming out with an issue of 3,101,851 equity shares of Rs.10 each for cash at a price band of Rs.90 to Rs.108 through 100% book building process.

Out of the issue, 1,550,925 shares are reserved for Qualified Institutional Buyers (QIBs), 465,278 shares for Non Institutional Investors and 1,085,648 shares for Retail Individual Investors (RIIs).

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Fortune Financial Services (India) Limited is the Book Running Lead Manager to the issue. The registrar to the issue is Intime Spectrum Registry Ltd.

Click Here to view the company's website Asahi Songwon Colors Limited

Click Here to view the company's prospectus Asahi Songwon Colors Limited

Source : Equity Bulls

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