Birla Cotsyn IPO price band reduced, date extended

The Initial Public Offering (IPO) of BIRLA COTSYN (INDIA) LIMITED has become the latest casualty in the primary market. The company's IPO failed to evoke full subscription on the scheduled last day of closing.

The Book Running Lead Manager to the Book Building issue of BIRLA COTSYN (INDIA) LIMITED announced that the IPO is extended till Jul 09 2008 instead of the earlier closing day on Jul 04 2008.

Further price band has revised from Rs 15 /- to Rs 18 /- per share to Rs 12 /- to Rs 14 /- per share.

ALLBANK FINANCE LIMITED is the Book Running Lead Manager to the issue.

Source : Equity Bulls

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