Globus Spirits IPO opens for subscription on August 31, 2009

The Initial Public Offering (IPO) of Globus Spirits Limited will open for subscription by investors on Monday - August 31, 2009. The IPO will close for subscription on September 2, 2009.

The company has come out with an IPO of 75,00,000 equity shares of Rs 10 each for cash at a price band of Rs 90 to Rs 100 per share through 100% book building process. The issue comprises a reservation for eligible employees of upto 50000 equity shares. The Net Issue to the public will be 74,50,000 equity shares and the issue will constitute 37.96% of the fully diluted post-issue paid-up capital of the company. The Net Issue to the public would constitute 37.71% of the fully diluted post issue paid up capital of the company.

SREI Capital Markets Limited and Keynote Corporate Services Limited are the Book Running Lead Managers to the issue. Link Intime India Private Limited is the registrar to the company.

CARE has assigned "CARE IPO Grade 3" to the public issue of the company indicating average fundamentals.

Keynote Capitals Limited and Aum Capital Market Private Limited are the Syndicate Members to the issue.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange Limited (BSE), the Designated Stock Exchange and the National Stock Exchange of India Limited (NSE).

Source : Equity Bulls

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