Ashoka Buildcon IPO to open for subscription tomorrow

The Initial Public Offering (IPO) of Ashoka Buildcon Limited will hit capital markets on Friday - September 24, 2010. The company is coming out with Issue of equity shares of face value of Rs 10 each aggregating to Rs. 2,250 million (including anchor Investor portion).

The 100% Book Building issue is priced in the band of Rs 297 to Rs 324. The Minimum Order Quantity is 21 Equity Shares and in multiples of 21 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

Enam Securities Private Limited and IDFC Capital Limited are the Book Running Lead Managers to the IPO. Motilal Oswal Investment Advisors Private Limited is the Co-Book Running Lead Manager to the issue. Motilal Oswal Securities Limited and Sharekhan Limited are the Syndicate Members to the IPO.

The Rating Agency CRISIL has rated IPO Grading of IPO Grade 4/5.

LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

Source : Equity Bulls

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