Sejal Architectural Glass IPO opens on June 9

The Price Band has been fixed between Rs. 105 and Rs. 115 per Equity Share. Sejal Architectural Glass Limited, a glass processing house in India, will enter the capital market on June 9, 2008, with an initial public offering (IPO) of 91,94,155 Equity Shares of Rs. 10 each for cash at a price to be decided through a 100% Book-Building Process.

The Price Band has been fixed between Rs. 105 and Rs. 115 per Equity Share. The Issue, constituting 32.84% of the fully diluted post issue capital of the Company, will close on June 12. 2008.

The Equity Shares are Proposed to be listed on National Stock Exchange of India Limited and Bombay Stock Exchange Limited .Of the total Issue, at least 50% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers and 5% of the Qualified Institutional Bidders portion will be available for allocation on a proportionate basis to Mutual Funds only.

Further, up to 15% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 35% of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders.

Click on the link bellow to read the entire article.

600450 Sejal Architectural Glass IPO opens on June 9 glassonweb.com
Date: 4 June 2008
Source: Indiainfoline

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