Mahindra Holidays & Resorts IPO to hit markets on June 23, 2009

The Initial Public Offering (IPO) cum offer-for sale of Mahindra Holidays & Resorts India Ltd will open for subscription by investors on June 23, 2009. The issue will close for subscription on June 26, 2009.

The company is coming out with an issue of 92,65,275 equity shares of Face Value of Rs 10 each for cash at a price to be decided through 100% book-building.

Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited & SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

Kotak Securities Limited & SBICAP Securities Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the Registrar to the issue.

The price range, market lot and minimum order quantity will be decided two days prior to bid/issue opening date.

Source : Equity Bulls

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