Everonn Systems India Limited IPO opens for subscription

The subscription for Initial Public Offering (IPO) of Chennai based Everonn Systems India Limited opened today - July 5, 2007. The company is coming out with an Initial Public Offering (IPO) of 3,571,428 equity shares of Rs.10 each at a price band of Rs.125/- to Rs.140/- through 100% Book Building Process.

Centrum Capital Ltd is the Book Running Lead Manager to the issue. Cameo Corporate Services Ltd is the Registrar to the Issue.

Out of the issue, 1,785,714 equity shares are reserved for Qualified Institutional Buyers (QIBs), 535,714 shares to Non Institutional Investors and 1,250,000 shares to Retail Individual Investors (RIIs).

The IPO closes for subscription on Wednesday - July 11, 2007. The issue expected evoke good response as it is in a niche industry.

Click Here to view website of Everonn Systems India Limited

Click Here to view the prospectus of Everonn Systems India Limited

Source : Equity Bulls

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