Globus Spirits IPO opening for subscription today, 31 Aug 09

by khalid on 31/08/2009 · 0 comments

global spirits

Globus Spirits is opening for subscription today, the 31st Aug 09. The company is offering shares of Rs 75 crore with a price band of Rs 90-100 per share. The issue will close on 2nd Sep 2009. Earlier in 2008, the company was scheduled to open its IPO with a price band of Rs 135-148 a share to raise Rs 68 crore, but withdrawn its IPO due to unfavorable market conditions.

Money collected via this issue will be used for expansion of spirit-based starch liquefaction unit; installation of high-pressure boiler and revamping of existing storage/bottling capacity.

Equity shares allotted via this IPO are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and on the National Stock Exchange of lndia Limited (NSE). Intime Spectrum Registry is the registrar for this Issue.

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