Glory Polyfilms Ltd Public Issue opens on May 9, 2007

The Initial Public Offering of Glory Polyfilms Ltd will open for subscription on May 9, 2007. The issue closes for subscription on May 15, 2007.

The company is coming out with an issue of 82,20,000 equity shares of Rs.10 each for cash at a premium of Rs.38 aggregating Rs.3945.60 Lacs. The issue would constitute 47.06% of the fully diluted post issue paid-up capital of the company.

The face value of the equity share is Rs.10/- and the issue price is 4.8 times of the face value. The Company has not opted for IPO grading.

The Equity shares of the Company are proposed to be listed on Bombay Stock Exchange Limited (BSE) (The Designated Stock Exchange) and the National Stock Exchange of India Ltd (NSE).

SREI Capital Markets Ltd. is the Lead Manager to the issue. The registrar to the issue is Bigshare Services Private Ltd.

Click Here to view the company's website Glory Polyfilms Limited

Click Here to view the company's prospectus Glory Polyfilms Limited

Source : Equity Bulls

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