Somi Conveyor Beltings IPO

A new IPO or initial public offering is expected in the Indian stock Markets very soon. The IPO belongs to Somi Conveyor Beltings Limited.

What is the size of the Somi Conveyor Beltings IPO?
The Somi Conveyor Beltings IPO expects to raise around 218 million Rupees through its IPO or initial public offering.

How many shares will be sold through the Somi Conveyor Beltings IPO?
A total of 6.2 million shares will be sold through the Somi Conveyor Beltings IPO. The issue will constitute 40 percent of the post-issue, paid-up capital of the company.

What is the price per share of Somi Conveyor Beltings IPO shares?
The price of Somi Conveyor Beltings IPO shares has been finalized at Rs. 35 each and has the standard face value of Rs. 10 per share.

What are the business valuations of Somi Conveyor Beltings IPO?
Somi Conveyor Beltings Limited is a manufacturer and exporter of Rubber Conveyor Belts of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries. Belt construction and belt materials are often application-specific.

When will the Somi Conveyor Beltings IPO issue open for subscription? The opening dates for application to Somi Conveyor Beltings IPO is June 24, 2008.

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