Engineers India FPO open for subscription

The Further Public Offer (FPO) of Engineers India Limited opened for subscription by investors today - July 27, 2010.

The company has come out with Further public offer of 33,693,660 equity shares of Rs. 5 each for cash at a price band of Rs 270 to Rs 290 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 FPO closes for subscription on July 30 2010 [* For QIB bidders Issue closes on July 29, 2010].

ICICI Securities Limited, IDFC Capital Limited, SBI Capital Markets Limited and HSBC Securities and Capital Markets (India) Pvt Ltd. are the Book Running Lead Managers to the FPO. Sharekhan Ltd and SBICAP Securities Limited are the Syndicate Members to the FPO.

Link Intime India Private Limited is the registrar to the company.

The stock closed the day at Rs.313.15, down by Rs.5 or 1.57%. The stock hit an intraday high of Rs.316.50 and low of Rs.307.05.

The total traded quantity was 741538 at an average price of Rs 311.92 resulting in a turnover of Rs 2313.01 lakhs.

Source : Equity Bulls

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