IL&FS Transportation Networks IPO opens tomorrow

The Initial Public Offering (IPO) of IL&FS Transportation Networks Limited will open for subscription by investors on Thursday - March 11, 2010.

The company is coming out with IPO of Equity Shares of Rs. 10/- each for cash aggregating to Rs. 7,000 million at a price band of Rs.242 to Rs.258 through 100% book building process.

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 agencies CARE and Fitch Ratings India Private Limited have assigned IPO grades of CARE IPO Grade 4 and 4 (ind) respectively.

Enam Securities Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and JM Financial Consultants Private Limited are the Book Running Lead Managers to the issue.

Avendus Capital Private Limited, SBI Capital Markets Limited are the Co- Book Running Lead Managers to the issue. SBICap Securities Limited, JM Financial Services Private Limited and Reliance Securities Limited are the syndicate members to the IPO.

Link Intime India Private Limited is the registrar to the company. The IPO closes for subscription on Monday - March 15, 2010.

Source : Equity Bulls

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