A2Z Maintenance & Engineering IPO : CARE gives 4 out of 5 Grade

by khalid on 08/12/2010 · 0 comments

A2Z Maintenance & Engineering Limited IPO has got 4 out of 5 by CARE (rating agency) and this rating/grading is Above Average fundamental for a engineering and construction company IPO. The grade 4 indicates that the fundamentals of the IPO are Above Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of —- Equity Shares of Rs 10 each. The IPO is opening on 8th Dec 2010 and the shares will be available for subscription up to 10th Dec 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 400 – Rs. 410 Per Equity Share. A2Z Maintenance & Engineering Services is a Gurgaon-based engineering and construction company. Started in 2002 as a facility management services company, A2Z has evolved into an engineering, procurement and construction services provider to the power transmission and distribution companies.

Issue Detail:-
Issue Open : 8th Dec 2010 – 10th Dec 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : — Equity Shares of Rs 10 each
Issue Size : Rs. 675.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 400 to Rs. 410 Per Equity Share
Minimum Bid Quantity : 15 Shares (Rs. 6150 with 1 Lot)
Maximum Bid Quantity : 480 Shares (Rs. 196800 with 32 Lot)
Listing At : BSE, NSE

Retail investors get an additional 5% discount on the final price of the issue.

Maximum Subscription Amount for Retail Investor : Rs. 200000

The Book running lead managers to the issue are DSP Merrill Lynch Limited, Enam Securities Private Limited, ICICI Securities Limited, IDFC-SSKI Private Limited, SBI Capital Markets Limited and YES Bank Limited.

Registrar of the Issue : Link Intime India Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more on A2Z Engineering IPO !

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