Thangamayil Jewellery IPO opens for subscription on January 27, 2010

The Initial Public Offering (IPO) of Thangamayil Jewellery Ltd will open for subscription by investors on Wednesday - January 27, 2010. The company will issue equity shares of Rs 10 each for cash at a price band of Rs 70 to Rs 75 through 100% book building process.

The company plans to raise Rs 2875.25 lakhs through the IPO. The issue also comprises of reservation for employees aggregating to Rs 90 lakhs.

Keynote corporate Services Ltd is the Book Running Lead Manager to the issue. S.K.D.C Consultants Ltd is the Registrar to the IPO.

The minimum order quantity is 80 equity shares and in multiples of 80 equity shares. The maximum subscription amount for retail investor is Rs 100000.

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

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

The IPO closes for subscription on Friday - January 29, 2010.

Source : Equity Bulls

Keywords