Kaveri Seed Company Limited IPO opens on September 6, 2007

The Initial Public Offering (IPO) of Kaveri Seed Company Limited will open for subscription by investors on September 6, 2007. The Company is coming out with an IPO of 40,00,000 Equity Shares of Rs.10 each for cash at a price band of Rs.150/- to Rs.170/- per share through 100% book building process.

Out of the issue, 2,00,000 equity shares have been reserved for eligible employees of the company. The Issue will constitute 29.2% of the fully diluted post issue paid-up capital of the company. The Net Issue will constitute 27.74% of the fully diluted post issue paid-up capital of the company.

The Book Running Lead Manager to the issue is Anand Rathi Securities Ltd and Sobhagya Capital Options Ltd. The Registrar to the issue is Bigshare Services Pvt Ltd.

The company's shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The IPO opens for subscription on September 6, 2007 and closes for subscription on September 11, 2007.

Click Here to View Kaveri Seed Company Limited Website.

Click Here to view Kaveri Seed Company Limited Prospectus.

Source : Equity Bulls

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