Aanjaneya Lifecare IPO opens for subscription

The Initial Public Offering (IPO) of Aanjaneya Lifecare Limited opened for subscription by investors today - May 9, 2011. The company has come out with public issue of 50,00,000 Equity Shares Of Rs 10/- Each for cash at a price band of Rs.228/- to Rs.240 /- through 100% book building process.

The Minimum Order Quantity is 25 equity shares and in multiples of 25 equity shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency Fitch Rating India Private Limited and CRISIL Limited have assigned IPO Grading of FITCH IPO Grade 2 and CRISIL IPO Grade 1 respectively.

Anand Rathi Advisors Limited and IDBI Capital Market Services Limited are the Book Running Lead Managers and Syndicate Members to the IPO.

LINK INTIME INDIA PVT LTD is the registrar to the company. The IPO closes for subscription on May 12, 2011.

The issue has received total bids for 73175 equity shares against the offer of 5000000 equity shares. The issue has received bids for 6325 equity shares at cut-off price.

Source : Equity Bulls

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