Meghmani Organics Limited IPO opens for subscription on 4 June, 2007

The Initial Public Offering (IPO) of Meghmani Organics Limited opens for subscription on June 4, 2007. The company is coming out with an IPO of 5,368,421 equity shares of Rs.1 each in a price band of Rs.17/- to Rs.19/- through 100% book building process.

Out of the issue, 3221053 shares are reserved for bidding by Qualified Institutional Buyers (QIBs). 536842 shares are reserved for Non Institutional Investors and 1610526 shares are reserved for Retail Individual Investors (RIIs).

The issue closes for subscription on Thursday - June 7, 2007.

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

The Book Running Lead Managers to the issue are Edelweiss Capital Limited and IL&FS Investsmart Limited. The Registrar to the issue is Intime Spectrum Registry Limited.

Click Here to view Meghmani Organics Limitedwebsite. Click Here to view Meghmani Organics Limitedprospectus.

Source : Equity Bulls

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