Ramky Infrastructure IPO opens for subscription

The Initial Public Offering (IPO) of Ramky Infrastructure Limited has opened for subscription by investors. The IPO opened for subscription today - Tuesday (September 21, 2010).

The company has come out with IPO of shares of face value of Rs 10 each aggregating to Rs. 5,300 million (including anchor portion of 2038461 shares) through 100% book building process at a price band of Rs 405 to Rs 468.

The Minimum Order Quantity is 14 Equity Shares and in multiples of 14 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency CRISIL has given IPO Grading of IPO Grade 3. Enam Securities Private Limited and Deutsche Equities (India) Private Limited are the Book Running Lead Managers to the IPO.

Enam Securities Private Limited and Deutsche Equities (India) Private Limited are the Syndicate Members and Karvy Computershare Private Limited is the registrar to the company.

The IPO closes for subscription on September 23, 2010.

Source : Equity Bulls

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