Time Technoplast Limited IPO to open for subscription on May 18, 2007

The Initial Public Offering of Time Technoplast Limited opens for subscription on May 18, 2007. The issue closes for subscription on May 23, 2007.

The company is coming out with an issue of 5,221,500 equity shares of Rs.10 each for cash at a price band of Rs.290 to Rs.315 through 100% Book Building process. Out of the issue, 2,61,100 shares are reserved for employees of the company. The issue would constitute 24.95% of the fully diluted post issue paid-up capital of the company.

Out of the issue, 2,196,240 shares are reserved for Qualified Institutional Buyers (QIBs), 366,040 shares for Non Institutional Investors and 1,098,120 shares for Retail Individual Investors (RIIs).

The face value of the equity share is Rs.10/-. The Equity shares of the Company are proposed to be listed on Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Ltd (NSE).

IL&FS Investsmart Limited is the Book Running Lead Managers to the issue. The registrar to the issue is Intime Spectrum Registry Limited.

Click Here to view the company's website Time Technoplast Limited

Click Here to view the company's prospectus Time Technoplast Limited

Source : Equity Bulls

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