Syncom Healthcare IPO to hit markets on January 27, 2010

Syncom Healthcare Ltd is coming out with an Initial Public Offering (IPO) of 75,00,000 equity shares of Rs 10 each for cash at a price band of Rs. 65 to Rs. 75 through 100% book building process. The IPO opens for subscription by investors on January 27, 2010.

Chartered Capital And Investment Ltd is the book running lead manager and syndicate member to the issue.

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

The rating agency Credit Analysis and Research Ltd (CARE) has assigned IPO Grading of "IPO Grade 2" denoting below average fundamentals.

The minimum order quantity in the IPO is 90 Equity Shares and in mulitples of 90 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

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

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

Source : Equity Bulls

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