Oriental Trimex Ltd IPO open for subscription

The Initial Public Offering of Oriental Trimex Ltd has opened for subscription on February 08, 2007 and closes on February 14, 2007. The IPO has received subscription of 0.02 times till 09 February 2007 at 2045 hrs.

The company is coming out with an issue of 94,00,000 Equity Shares (Excluding Promoter Contribution of 6,00,000 Equity Shares) of Rs.10 each for cash at a price band of Rs.40 to Rs.48 through 100% book building process.

Out of the issue, 4700000 equity shares have been reserved for Qualified Institutional Buyers (QIBs), 1410000 shares for Non Institutional Investors and 3290000 shares for Retail Individual Investors (RIIs).

Allianz Securities Ltd is the Book Running Lead Manager for the issue. BEETAL FINANCIAL AND COMPUTER SERVICES PVT LTD is the Registrar to the Issue.

The company's website is Oriental Trimex Ltd

Click on the link for company's IPO prospectus Oriental Trimex Ltd Prospectus

Source : Equity Bulls

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