Bharatiya Global Infomedia Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 28th July 2011. The IPO was open between 11th July 2011 to 14th July 2011. The price band was Rs 75 to Rs 82 and the Issue Price was fixed at the upper level of the price band, Rs 82 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 55.10 Crore. Bharatiya Global Infomedia Limited (BGIL) is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio.
IPO Listing Detail :-
Listing Date: 28th July 2011
BSE Scrip Code : 533499
NSE Symbol :
Listing In : ‘B’ Group of Securities
ISIN : INE224M01013
Issue Price : Rs. 82.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for setting up of Corporate office at Noida & Branch Office at Mumbai, upgradation of Digital Post Production Studio and Investment in IT division, expansion of R&D technology centre, repayment of bank borrowings, meeting long term working capital requirements, general corporate purposes and IPO expenses.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager (BRLM) to the issue is Almondz Global Securities Limited.
Registrar of the Issue : Karvy Computershare Private Limited.
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