Texmo Pipes & Products IPO to hit markets on February 16, 2010

The Initial Public Offering of Texmo Pipes & Products Limited will hit markets on Tuesday - Ferbuary 16, 2010. The company is coming out with IPO of 50,00,000 equity shares of Rs 10 each for cash at a price band of Rs.85 to Rs.90 through 100% book building process.

Almondz Global Securities Ltd is the Book Running Lead Manager and Syndicate Member to the IPO.

Karvy Computershare Private Limited is the registrar to the company.

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

The Minimum Order Quantity is 75 Equity Shares and in multiples of 75 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The IPO closes for subscription on Friday - February 19, 2010.

Source : Equity Bulls

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