IVRCL Prime Urban Developers Ltd fixes IPO price as Rs.550

The Board of Directors of IVR Prime Urban Developers Ltd (IVR PUDL) has fixed the issue price for the issue of shares to the investors who have applied in the recently concluded IPO.

The IPO of equity shares made by IVR PUDL which was closed on July 26, 2007 was oversubscribed.

The IPO Committee of the Board of Directors of IVR PUDL at its meeting held on July 27, 2007 has fixed the issue price of each equity share of Rs 10/- of IVR PUDL (to be allotted) at Rs 550/- considering the response received.

Source : Equity Bulls

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