Acropetal Technologies IPO hits capital markets

The Initial Public Offering (IPO) of Acropetal Technologies Limited opened for subscription by investors on February 21, 2011. The company has come out with Public Issue of Equity Shares Of Rs 10/- Each for cash at a price band of Rs. 88 to Rs.90 aggregating Rs. 17,000 Lacs through 100% Book Building process.

The Minimum Order Quantity is 60 Equity Shares and in multiples of 60 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency ICRA Limited has assigned IPO Grading of IPO GRADE 3.

Saffron Capital Advisors Private Limited is the Book Running Lead Manager and Saffron Global Markets Private Limited is the Syndicate Member to the issue.

Sharex Dynamic (India) Private Limited is the Registrar to the company. The IPO closes for subscription on February 24, 2011.

Source : Equity Bulls

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