ARSS Infrastructure Projects IPO to close today

The Initial Public Offering (IPO) of ARSS Infrastructure Projects Ltd which opened for subscription by investors on February 08, 2010 will be closing today - Thursday - February 11, 2010.

The company has come out with IPO of equity shares of Rs 10 each for cash at a price band of Rs.410 to Rs.450 through 100% book building process. The company is issuing equity shares aggregating upto Rs.10300 lacs through this IPO.

The Rating Agency CARE has given IPO Grading of IPO Grade 2.

IDBI Capital Market Services Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the IPO. Enam Securities Pvt. Limited, Almondz Global Securities Limited, SBICAPS Securities Private Limited, IDBI Capital Market Services Limited and Sunidhi Securities & Finance Limited are the syndicate members to the issue.

Bigshare Services Private Limited is the registrar to the company.

The Minimum Order Quantity is 15 Equity Shares and in multiples of 15 Equity Shares.

The Maximum Subscription Amount for Retail Investor is Rs.100000.

Source : Equity Bulls

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