Commercial Engineers & Body Builders IPO to hit markets on September 30, 2010

The Initial Public Offering (IPO) of Commercial Engineers & Body Builders Company Limited will hit capital markets on September 30, 2010.

The company is coming out with issue of shares aggregating to Rs.1,530 million ("Fresh Issue") and an Offer for Sale of 1,528,587 equity shares. The 100% Book Building IPO is priced at a price band of Rs. 125/- to Rs. 127/-

The Minimum Order Quantity is 55 Equity Shares and in multiples of 55 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

ICICI Securities Limited and Edelweiss Capital Limited are the Book Running Lead Managers to the issue. Edelweiss Securities Limited and Tata Securities Limited are the Syndicate Members to the IPO.

The Rating Agency CRISIL has assigned IPO Grading of IPO Grade 2. Karvy Computershare Private Limited is the registrar to the company.

The IPO closes for subscription on October 5, 2010.

Source : Equity Bulls

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