Spice Communications Ltd fixes price band as Rs.41 to Rs.46

The Initial Public Offering of Spice Communications Ltd which opens for subscription on 25 June 2007, has fixed Rs.41 to Rs.46 as its price band. The company is coming out with an issue of 113,111,111 equity shares of Rs.10 each through 100% Book Building process.

Out of the issue, 66,666,667 shares are reserved for Qualified Institutional Buyers (QIBs), 11,111,111 shares for Non Institutional Investors, 33,333,333 shares for Retail Individual Investors (RIIs) and 2,000,000 shares for Employees of the company.

Karvy Computershare Pvt Ltd is the Registrar to the issue.

Click Here to view the website of Spice Communications Ltd

Click Here to view the prospectus of Spice Communications Ltd

Source : Equity Bulls

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