Aqua Logistics IPO to hit markets today

The Initial Public Offering (IPO) of Aqua Logistics Ltd will hit markets today - January 25, 2010 (Monday). The company is coming out with IPO of equity shares of Rs 10 each for cash at a price band of Rs 220 to Rs 230 through 100% book building process. The company plans to raise upto Rs 150 crores through this IPO.

The Minimum Order Quantity is 25 equity shares and in multiples of 25 equity shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The Rating Agency Brickwork Ratings India Pvt Ltd has given IPO grading of "IPO Grade 3" which denotes average fundamentals.

Saffron Capital Advisors Pvt Ltd, Centrum Capital Ltd are the Book Running Lead Managers to the IPO. Saffron Global Markets Pvt Ltd, Enam Securities Ltd are the Syndicate Members to the IPO.

LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

The shares of the company will be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The IPO closes for subscription on January 28, 2010.

Source : Equity Bulls

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