Tara Health Foods IPO opens for subscription

The Initial Public Offering (IPO) of TARA HEALTH FOODS LTD opened for subscription by investors today - April 28, 2010.

The company has come out with IPO of 10,000,000 equity shares (including Anchor investor portion of 15,00,000 equity shares) of Rs 10 each for cash at a price band of Rs. 180 To Rs. 190 through 100% Book Building process.

The Minimum Bid Size is 30 Equity Shares and in multiples of 30 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs. 1,00,000.

The IPO closes for subscription on April 30, 2010. The rating agency Fitch Ratings India Pvt Ltd has assigned IPO Grading 2/5 for the issue.

ATHERSTONE CAPITAL MARKETS LIMITED is the Book Running Lead Manager to the issue. Antique Stock Broking Limited, Enam securities Private Limited, SPA Securities Limited and SMC Global Securities Limited are the syndicate members to the issue.

Source : Equity Bulls

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