NCML Industries Ltd revises IPO Price Band and extends issue date

The Public Offer of 60,00,000 Equity Shares of a Face Value of Rs. 10 each of NCML Industries Ltd (the "Company") through an Offer for Sale by the Selling Shareholders, Corporate Strategic Allianz Limited (Merchant Banker) has announced in accordance with Regulation 46(2) of SEB (ICDR) Regulations, 2009, the Company and Selling Shareholders in consultation with the Book Running Lead Manager have decided to revise the price band to Rs. 80 to Rs. 90 per equity Share of face value of Rs. 10 each. The minimum application size and bid lot will remain at 125 Equity Shares and in multiples of 125 Equity Shares thereof.

The Offer/Issue Programme was scheduled to close on January 02, 2015. The Bid/Offer period has now been extended by 5 working days and Offer/Issue will consequently close on January 09, 2015 (Friday). Subsequently, the additional day to amend the specific fields (as mentioned by SEBI from time to time) entered in the electronic bidding system will be January 10, 2015 (Saturday).

Source : Equity Bulls

Keywords