Subscription opens for Page Industries Limited IPO

The subscription for Page Industries Limited Initial Public Offering opened on February 23, 2007. The company is coming out with an IPO of 28,04,000 Equity Shares in a price band of Rs.360 to Rs.395 through 100% book building issue.

IL&FS Investsmart Ltd is the Book Running Lead Manager to the issue.

The Registrar to the issue is Sharepro Services (India) Pvt. Ltd.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exhange of India Limited ("NSE").

The public issue of 2,804,000 equity shares of the face value of Rs.10 each at a price band of Rs.360 to Rs.395 per equity share comprises of fresh issue of 1,412,354 equity shares and an offer for sale of 1,391,646 equity shares by the selling shareholders.

Out of the issue, 1394500 shares are reserved for Qualified Institutional Buyers (QIBs), 418350 shares for Non Institutional Investors, 976150 shares to Retail Individual Investors (RIIs) and 15000 shares to employees of the company.

The company's website is Page Industries Limited.

Click here to view the company's prospectus Page Industries Limited

The IPO closes for subscription on 27 February, 2007.

Source : Equity Bulls

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