Sudar Garments IPO opens for subscription

The Initial Public Offering (IPO) of Sudar Garments Limited has hit the capital markets for subscription by investors on February 21, 2011. The company has come out with Public Issue of 9088000 Equity Shares Of Rs 10/- Each for cash at a price band of Rs. 72 to Rs.77 through 100% Book Building process.

The Minimum Order Quantity is 81 Equity Shares and in multiples of 81 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency CRISIL has assigned IPO Grading of IPO GRADE 1.

Ashika Capital Limited is the Book Running Lead Manager and Syndicate Member to the IPO. LINK INTIME INDIA PVT LTD is the registrar to the company.

The IPO closes for subscription on February 24, 2011.

Source : Equity Bulls

Keywords