ASTEC LIFESCIENCES IPO opens for subscription

The Initial Public Offering (IPO) of ASTEC LIFESCIENCES LIMITED has opened for subscription by investors on October 29, 2009. The company has come out with an IPO of 7500000 equity shares of Rs 10 each for cash at a price band of Rs. 77 To Rs. 82 through 100% Book Building process.

The issue has received IPO GRADE 2 rating from CARE.

ALMONDZ GLOBAL SECURITIES LIMITED is the Book Running Lead Manager to the issue and IDBI Capital Market Services Limited is the Co-Book Running Lead Manager to the issue.

Almondz Global Securities Limited and IDBI Capital Market Services Ltd are the Syndicate Members to the issue.

Bigshare Services Private Limited is the registrar to the company.

The IPO closes for subscription on November 04, 2009.

Source : Equity Bulls

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