Sadbhav Infrastructure Project fixes price band of Rs. 100 to Rs. 103 for IPO

Sadbhav Infrastructure Project Limited (SIPL), a subsidiary of Sadbhav Engineering Limited had filed the Red Herring Prospectus dated August 21, 2015 for the proposed public issue of equity shares of Rs. 10 each ("Equity Shares").

Pursuant to the resolution passed by the IPO Committee of SIPL on August 21, 2015, the price band for the Issue has been fixed as Rs. 100 per Equity Share of Rs. 10 each (Floor Price) and Rs. 103 per Equity Share of Rs. 10 each (Cap Price).

Further, the minimum Bid Lot has been affixed at 145 Equity Shares.

Shares of SADBHAV ENGINEERING LTD. was last trading in BSE at Rs.314.85 as compared to the previous close of Rs. 333.4. The total number of shares traded during the day was 33997 in over 1060 trades.

The stock hit an intraday high of Rs. 329 and intraday low of 266.75. The net turnover during the day was Rs. 10708713.

Source : Equity Bulls

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