Refex Refrigerants Ltd to come out with IPO at Rs.65

The Initial Public Offering (IPO) of Refex Refrigerants Ltd opens for subscription on 23 July, 2007. The company is coming out with an Initial Public Offering (IPO) of 3800000 equity shares of Rs.10 each for cash at a premium of Rs.55 per share for cash aggregating Rs.2470 Lakhs.

The IPO opens for subscription on Monday - July 23, 2007 and closes on Thursday - July 26, 2007.

The Issue comprises of a reservation of 3,80,000 equity shares of Rs.10 each at a premium of Rs.55 per equity share for cash aggregating to Rs.247 Lakhs to be allotted to Qualified Institutional Bidders (QIB Portion) and the net issue to the public consists of 34,20,000 equity shares of Rs.10 each at a premium of Rs.55 per share aggregating Rs.2223 Lakhs. The Net Issue to the public would constitute 22.50% of the fully diluted post-issue capital of the company.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE).

The Lead Manager to the issue is Keynote Corporate Services Ltd. Ashika Capital Ltd is the Co-Lead Manager to the issue. Cameo Corporate Services Ltd is the Registrar to the issue.

Click Here to view the website of Refex Refrigerants Ltd

Click Here to view the prospectus of Refex Refrigerants Ltd

Source : Equity Bulls

Keywords