DEN NETWORKS IPO closes for subscription

The Initial Public Offering (IPO) of DEN NETWORKS Ltd which opened for subscription on October 28, 2009 has closed the subscription on October 30, 2009.

The company has come out with an IPO of 20000000 equity shares [including Anchor investor portion of 23,95,020 equity shares] of Rs 10 each for cash at a price band of Rs. 195 To Rs. 205 through 100% Book Building process.

The IPO has received IPO GRADE 3 rating from ICRA.

Deutsche Equities India Private Limited is the Global Co-ordinator and Book Running Lead Manager to the issue.

Antique Capital Markets Private Limited is the Co-Book Running Lead Manager and Antique stock Broking Limited is the Syndicate Member to the issue.

Karvy Computershare Private Limited is the registrar to the issue.

Source : Equity Bulls

Keywords