Sadbhav Engineering Ltd fixes QIP floor price as Rs. 219.0625

The QIP Committee (the "Committee") of the Board of Directors of Sadbhav Engineering Ltd at its meeting held on October 14, 2014 has decided to open the Issue to be undertaken in accordance with the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations").

The floor price in respect of the Issue, based on the pricing formula as prescribed under Regulation 85 of the SEBI Regulations is Rs. 219.0625 per equity share of the Company, and the ‘relevant date' for this purpose, in terms of Regulation 81(c)(i) of the SEBI Regulations, is October 14, 2014.

Shares of SADBHAV ENGINEERING LTD. was last trading in BSE at Rs.214.15 as compared to the previous close of Rs. 214.85. The total number of shares traded during the day was 8860 in over 561 trades.

The stock hit an intraday high of Rs. 219 and intraday low of 213.1. The net turnover during the day was Rs. 1921844.

Source : Equity Bulls

Keywords