Gremach Infrastructure Equipments & Projects Ltd IPO to open on March 8

The Initial Public Offering of Gremach Infrastructure Equipments & Projects Ltd will open for subscription on March 8, 2007. The company is coming out with an IPO of equity shares of Rs.10 each at a price band of Rs.75 to Rs.90 through 100% book building issue.

RR Financial Consultants Ltd is the Book Running Lead Manager to the issue. Chartered Capital and Investment Ltd is the Co - Book Running Lead Manager to the issue.

Intime Spectrum Registry Ltd is the Registrar to the issue.

The equity shares are proposed to be listed on Bombay Stock Exchange Limited ("BSE").

The public issue comprises of 6,555,554 equity shares of the face value of Rs.10 each at a price band of Rs.75 to Rs.90 per equity share.

Out of the issue, 3,277,777 shares are reserved for Qualified Institutional Buyers (QIBs), 655,556 shares for Non Institutional Investors, 1,966,666 shares to Retail Individual Investors (RIIs) and 655,555 shares to employees of the company.

The company's website is Gremach Infrastructure Equipments & Projects Ltd.

Click here to view the company's prospectus Gremach Infrastructure Equipments & Projects Ltd

The IPO closes for subscription on 14 March, 2007.

Source : Equity Bulls

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