Sadbhav Engineering closes QIP Issue

Sadbhav Engineering Ltd has announced that Placement of Equity Shares of the Company under Chapter XIII-A of SEBI (Disclosure and Investor Protection) Guidelines, 2000 ("SEBI Guidelines"), the issue programme of the aforesaid QIP issue as under:

- Bid Opening Date : July 04, 2007

- Bid Closing Date: July 05, 2007

Further the Company has informed that, the aforesaid QIP Issue closed on July 05, 2007, and the price arrived at based on book building method was Rs 575/- per equity share.

The stock was trading at Rs.606, up by Rs.1.20 or 0.20%. The stock hit an intraday high of Rs.611 and low of Rs.600. The total traded quantity was 27473 compared to 2 week average of 75655.

Source : Equity Bulls

Keywords