Euro Ceramics Ltd IPO receives receives 0.37 times subscription

The IPO of Euro Ceramics Ltd which is open for subscription till February 13, 2007 has received subscription for 0.37 times of the issue. The company's IPO opened for subscription on February 7, 2007.

The company is coming out with an issue of 56,21,500 Equity Shares of Rs.10 each at a price band of Rs.150 to Rs.180 through 100% book building process.

Out of the issue, 2750000 equity shares have been reserved for Qualified Institutional Buyers (QIBs), 825000 shares for Non Institutional Investors, 1925000 shares for Retail Individual Investors (RIIs) and 121500 for employees of the company.

UTI Securities Ltd. and Enam Financial Consultants Pvt. Ltd are the Book Running Lead Managers for the issue. Intime Spectrum Registry Ltd is the Registrar to the Issue.

The company's website is Euro Ceramics Ltd

Click on the link for company's IPO prospectus Euro Ceramics Ltd Prospectus

Source : Equity Bulls

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