Dhanus Technologies Limited IPO opens on September 10, 2007

The Initial Public Offering (IPO) of Dhanus Technologies Limited to open for subscription by investors on September 10, 2007. The Company is coming out with an IPO of 42,00,000 Equity Shares of Rs.10 each for cash at a price band of Rs.280/- to Rs.295/- per share through 100% book building process.

The issue comprises a reservation for eligible employees of up to 2,00,000 equity shares and the net issue to the public of 40,00,000 equity shares.

The issue would constitute 23.41% of the fully diluted post issue paid-up capital of the company. The Net issue would constitute 22.29% of the fully diluted post issue paid-up capital of the company.

The Book Running Lead Manager to the issue is SREI Capital Markets Ltd. The Registrar to the issue is Cameo Corporate Services 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 10, 2007 and closes for subscription on September 12, 2007.

Click Here to View Dhanus Technologies Limited Website.

Click Here to view Dhanus Technologies Limited Prospectus.

Source : Equity Bulls

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