Birla Pacific Medspa Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 7th July 2011. The IPO was open between 20th June 2011 to 23rd Jun 2011. The price band was Rs 10 to Rs 11 and the Issue Price was fixed at the lowerr level of the price band, Rs 10 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 65.18 Crore. Birla Pacific Medspa Limited is a joint venture company of Yash Birla group and East Asia’s leading healthcare provider Pacific Healthcare which have presence in Singapore, Hong Kong, and China. Birla Pacific Medspa operates in healthcare centers under the brand name “EVOLVE” provides beauty related medical procedures in India.
IPO Listing Detail :-
Listing Date: 7th July 2011
BSE Scrip Code : 533469
NSE Symbol :
Listing In : ‘B’ Group of Securities
ISIN : INE341L01017
Issue Price : Rs. 10.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for capital expenditure towards establishing 55 outlets of Evolve Medspa across various cities and places, brand promotion and working capital for running the above centres.
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 Arihant Capital Markets Limited.
Registrar of the Issue : Adroit Corporate Services Pvt Limited
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