Bedmutha Industries IPO : Listing on 14th Oct 2010

by khalid on 14/10/2010 · 0 comments

Bedmutha Industries Limited has informed the share market (BSE) that the shares of its recent IPO will list on 14th Oct 2010. The IPO was open between 28th Sep 2010 to 1st Oct 2010. The price band was Rs 95 to Rs 102 and the Issue Price was fixed at the upper level of price band, Rs 102 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 91.80 crores. Bedmutha Industries Limited is one of the leading steel wire manufacturers in western India.

IPO Listing Detail :-
Listing Date: 14th Oct 2010
BSE Scrip Code : 533270
Listing In : ‘B’ Group of Securities
ISIN : INE844K01012
Issue Price : Rs. 102.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for setting up of new plant at Sinnar, Nashik for manufacturing of new product Low Relaxation Pre-Stress Concrete (LRPC) Wire and Spring Steel Wire,general corporate purposes and issue expenses.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Ashika Capital Ltd and Keynote Corporate Services Ltd.

Registrar of the Issue : Mondkar Computers Private Limited , Mumbai.

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