Circuit Systems India Limited IPO opens on September 21, 2007

The Initial Public Offering (IPO) of Circuit Systems India Limited will open for subscription by investors on September 27, 2007. The Company is coming out with an IPO of 4244810 Equity Shares of Rs.10 each for cash at a price Rs.35/- per share including premium of Rs.25 per share.

The Issue aggregates to Rs.1485.68 Lakhs including promoter contribution of 1244810 equity shares of Rs.10 each for cash at a premium of Rs.25 per share aggregating to Rs.435.68 Lakhs. The Net Issue to the public is 3000000 equity shares aggregating Rs.1050 Lakhs.

The Net Issue will constitute 25% of the post-issue paid-up capital of the company.

The Book Running Lead Manager to the issue is Centrum Capital 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).

The IPO opens for subscription on September 27, 2007, 2007 and closes for subscription on October 5, 2007.

Click Here to View Circuit Systems India Limited Website.

Click Here to view Circuit Systems India Limited Prospectus.

Source : Equity Bulls

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