Kaushalya Infrastructure Development Corporation Limited IPO opens on November 20, 2007

The Initial Public Offering (IPO) of Kaushalya Infrastructure Development Corporation Limited opens for subscription on November 20, 2007 and closes for subscription on November 23, 2007. The company is coming out with an IPO of 8500000 Equity Shares of Rs 10 each for cash at a price band of Rs 50 to Rs 60 through 100% Book Building process.

The issue comprises a reservation for eligible employees of up to 475000 equity shares and the net issue to the public of 8025000 equity shares. The issue would constitute 43.35% of the fully diluted post issue paid up equity share capital of the company. The net issue to the public would constitute 40.93% of the post issue paid up equity share capital of the company.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

Intime Spectrum Registry Limited is the registrar to the issue.

SREI Capital Markets Ltd is the Book Running Lead Manager to the issue.

Click Here to view Kaushalya Infrastructure Development Corporation Limited Website.

Click Here to view Kaushalya Infrastructure Development Corporation Limited IPO Prospectus.

Source : Equity Bulls

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