A cement, engineering and construction company, Niraj Cement Structurals (Official Site), is coming to the markets with its IPO for raising capital.
Niraj Cement Structurals, an engineering and construction company, will enter the capital market with an initial public offering or IPO
What is the size of the Niraj Cement IPO?
A total of 32,50,000 equity shares will be offered for sale through the Niraj Cement IPO. The issue would constitute 31.42% of the total post issue paid-up equity capital of the company.
What is the price band of the Niraj Cement IPO?
The Niraj Cement IPO shares will have a face value of Rs. 10 per share and the price band for the Niraj Cement IPO has been fixed in the range of Rs 175-Rs 190 per equity share. The issue price is 17.5 times the face value at the lower end of the price band and 19 times the face value at the higher end of the price band.
When will the Niraj Cement IPO issue open for subscription and application?
The investors can apply for the Niraj Cement IPO shares between May 26th and May 30th, 2008.
Is there any reservation of shares for employees in Niraj Cement IPO?
Yes. There is a reservation for eligible employees of 3,25,000 equity shares and net issue to the public of 29,25,000 equity shares
Any ratings assigned to the Niraj Cement IPO issue?
The issue has been graded by CARE and has been assigned the ‘CARE IPO GRADE 1’.
Which exchange the shares of Niraj Cement IPO be listed?
The equity shares offered through this issue are proposed to be listed on the BSE.
The book running lead manager to the issue is Allbank Finance Limited and Intime Spectrum Registry Limited is registrar. | Table of Contents |
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