Decolight Ceramics Limited IPO open for subscription

The Initial Public Offering (IPO) of Decolight Ceramics Limited opened for subscription on May 24, 2007. The company is coming out with an IPO of 8,045,555 equity shares of Rs.10 each in a price band of Rs. 45/- to Rs. 54/- through 100% book building process.

Out of the issue, 4727333 shares are reserved for bidding by Qualified Institutional Buyers (QIBs). 1418200 shares are reserved for Non Institutional Investors, 3309134 shares are reserved for Retail Individual Investors (RIIs).

The issue closes for subscription on Tuesday - May 29, 2007.

The company is planning to list its equity shares in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Manager to the issue is IDBI Capital Market Services Ltd. The Registrar to the issue is Bigshare Services Pvt Ltd.

Click Here to view Decolight Ceramics Limitedwebsite. Click Here to view Decolight Ceramics Limitedprospectus.

Source : Equity Bulls

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