Purvankara Projects Limited IPO opens for subscription on July 31, 2007

The Initial Public Offering of Purvankara Projects Limited will hit the markets for subscription by investors on August 2, 2007. The company is coming out with an Initial Public Offering (IPO) of 21,467,610 Equity Shares of Rs.5 each for cash at a price band of Rs.500/- to Rs.525/- through 100% book-building process.

The issue will constitute 10.05% of the fully diluted post-issue paidup equity capital of the company.

The Equity Shares issued through this IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

DSP Merrill Lynch Ltd, Citigroup Global Markets India Pvt Ltd and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue.

Kotak Securities Limited is the Syndicate Member for the issue. Intime Spectrum Registry Limited is the Registrar to the issue.The issue closes for subscription on August 3, 2007.

Click Here to view the website of Purvankara Projects Limited

Click Here to view the prospectus of Purvankara Projects Limited

Source : Equity Bulls

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