KSK Energy IPO: KSK IPO

A new IPO will soon open in the Indian Markets. KSK Energy Ventures Limited is planning to come out with its IPO or Initial Public Offering.

What is the size of the KSK Energy IPO?
The KSK Energy IPO expects to raise around 13 billion INR or Indian Rupees through its IPO. This amount also includes the fund raised through the pre-IPO share offer.

How many shares will be offered for sale through the KSK Energy IPO?
A total of 34.6 million shares will be offered for sale through the KSK Energy IPO. KSK's public offer and pre-IPO placement, through a fresh issue of shares, will constitute 15 percent of the post-issue capital.

When will the KSK Energy IPO open for subscription?
The KSK Energy IPO will open for subscription on June 23, 2008 and close on June 25, 2008.

What is the price band or price range of KSK Energy IPO?
The shares of KSK Energy IPO are priced in the price band of Rs. 240 to Rs. 255 per share.

Its promoter, London-listed KSK Power Ventures on Friday said it issued 17.306 million shares to a clutch of institutions including Macquarie Bank, Infrastructure Development Finance Co, Axis Bank and GE Capital, at 240 rupees each, raising 4.15 billion rupees.

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