Shree Ganesh Jewellery House IPO opens for subscription

The Initial Public Offering (IPO) of Shree Ganesh Jewellery House Limited has opened for subscription by investors today - March 19, 2010.

The company has come out with IPO of 1,42,69,831 Equity Shares (Including anchor portion of 24,99,975 equity shares) of Rs 10 each for cash at a price band of Rs.260 to Rs. 270 through 100% book building process.

The Minimum Order Quantity is 20 equity shares and in multiples of 20 equity shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

The Rating Agency CARE has assigned IPO Grading of Care IPO Grade 3.

Axis Bank Limited, ICICI Securities Limited and Avendus Capital Private Limited are the Book Running Lead Managers to the IPO. Enam Securities Private Limited, Ashika Stock Broking Limited, Prabhudas Lilladhar Private Limited and Reliance Securities Limited are the Syndicate Members to the issue.

Link Intime India Private Limited is the registrar to the company. The IPO closes for subscription on March 23, 2010.

Source : Equity Bulls

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