Acropetal Technologies IPO : Price Band Fixed

by khalid on 18/02/2011 · 0 comments

Acropetal Technologies IPO which is slated to come out with its IPO starting on 21st February 2011. The company has come out with the price band of the IPO today and fixed it at Rs 88 – Rs 90 per equity share. The company will raise Rs. 170.00 Crore from the primary market.

Acropetal Technologies Limited is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.

Issue Detail:-
Issue Open : 21st Feb 2010 – 24th Feb 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : —– Equity Shares of Rs 10 each
Issue Size : Rs 170.00 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 88 – Rs. 90 Per Equity Share
Minimum Bid Quantity : 60 Shares (Rs. 5400 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 2220 Shares (Rs. 19980 with 37 Lots ) @ upper level of price band
Listing At : BSE, NSE

The Sole Book Running Lead Manager (BRLM) to the offer is Saffron Capital Advisors Private Limited.

Registrar of the Issue : Sharex Dynamic (India) Pvt. Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more news on Acropetal Technologies IPO !

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