Pradip Overseas IPO opens for subscription on March 11, 2010

The Initial Public Offering (IPO) of Pradip Overseas Limited will hit markets on Thursday - March 11, 2010.

The company is coming out with IPO of 1,06,00,000 equity shares of Rs 10 each for cash at a price band of Rs. 100 to Rs. 110 through 100% book building process.

The Minimum Order Quantity is 60 Equity Shares and in multiples of 60 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The rating agency ICRA Limited has assigned IPO Grade of 'Grade 2'.

Anand Rathi Advisors Limited is the Book Running Lead Manager to the issue. Anand Rathi Advisors Limited and SMC Global Securities Lilited are the Syndicate Members to the issue.

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

Source : Equity Bulls

Keywords