Momai Apparels IPO price band fixed as Rs. 78 to Rs. 90

Ashapura Intimates Fashion Ltd's subsidiary "Momai Apparels Limited" has on September 16, 2014 filed RHP with Registrar of Companies, Mumbai (RoC) & Issue Details.

The company has received ROC acknowledgment on 16th september 20l4 for the public issue of Equity Shares of Face Value of Rs. 10/- each fully paid for Cash at a price of Rs. [.] per equily share (including a share premium ofRs. [.] per equity share) aggregating Rs.3,000.192 lakhs via book building.

The aforesaid public issue opens on 25th September 2014 and closes on 30th September 2014. The price band of Rs.78 as the floor price (lower bid price) and Rs. 90 as the cap price (higher bid price)" has been decided by our Subsidiary in consultation with the Pantomath Capital Advisors(P) Limited, Book Running Lead Manager for the book building issue.

Shares of ASHAPURA INTIMATES FASHION LTD. was last trading in BSE at Rs.146.7 as compared to the previous close of Rs. 147.5. The total number of shares traded during the day was 4800 in over 6 trades.

The stock hit an intraday high of Rs. 146.7 and intraday low of 146.5. The net turnover during the day was Rs. 703680.

Source : Equity Bulls

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