Rathi Bars Ltd IPO Closes for subscription

The Initial Public Offering (IPO) of Rathi Bars Ltd which opened for subscription on 18 October, 2007 closed for subscription on October 23, 2007. The company came out with an Initial Public Offering (IPO) of 7142857 equity shares of Rs.10 each for cash at a premium of Rs.25 per share for cash aggregating Rs.2500 Lakhs.

The IPO opened for subscription on Thursday - October 18, 2007 and closed on Tuesday - October 23, 2007.

The Issue comprises of 7142857 equity shares of Rs.10 each at a premium of Rs.25 per equity share for cash aggregating to Rs.2500 Lakhs. The Issue would constitute 43.74% of the fully diluted post-issue capital of the company.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE).

The Lead Manager to the issue is Chartered Capital and Investment Ltd. MAS Services Ltd is the Registrar to the issue.

Click Here to view the website of Rathi Bars Ltd

Click Here to view the prospectus of Rathi Bars Ltd

Source : Equity Bulls

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