Wednesday, February 10, 2010

IPO NEWS

MAN INFRACONSTRUCTION LIMITED

Mumbai headquartered construction company proposes to issue of 56, 25,150-equity shares of Rs10/- face value. The issue opens for public on 18-02-10 and closes on 22-02-10. Issue will constitute 11.36% of the fully diluted post issue paid up capital of the company. IDFC – SSKI Limited and Edelweiss Capital Limited are the BRLMs. The price band will be disclosed at least two/three days before the issue opening date.

LODHA DEVELOPERS LIMITED

The Mumbai Metropolitan Region focused real estate developer is planning to raise around Rs 3000 cr through IPO. The company proposes to issue equity share of Rs 5/ each in the price band of Rs 560 - 600/ share. The issue is slated to open in the third/ fourth week of Feb 2010. Enam Securities, J P Morgan Stanley, Citi Group Global Markets and Global Trust Capital Finance private limited are the Book Running Lead Managers.


NITESH ESTATES LIMITED

Silicon Valley based real Estate Construction Company is planning to raise around Rs 450 cr through IPO. The IPO is expected to hit the market in two/three week’s time.

Detailed analysis of the above IPOs will be published in due course.

No comments:

Post a Comment