BS TransComm IPO : Issue time-period extended for 3 days

by khalid on 11/10/2010 · 0 comments

BS TransComm is a manufacturer of towers for telecommunication and power sectors. BS Transcomm plans to provide tower companies with solar and wind power solutions along with its existing fuel management solutions. The company faced a little response from investors on its issue time period which was 6th Oct to 8th Oct 2010. The got only 0.58 times subscription on overall basis. On view of this company extended its IPO time period up to 13th Oct 2010. Further price band too has revised from Rs 257 To Rs. 266 TO Rs. 248 To Rs. 257 per share.

So now the Issue detail will be like this.

Issue Detail:-
Issue Open : 6th Oct 2010 – 13th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 76,79,410 Equity Shares of Rs 10 each
Issue Size : Rs. 200 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 248– Rs. 257 Per Equity Share
Market Lot : 25 Shares
Minimum Order Quantity : 25 Shares
Listing At : BSE, NSE

The sole book running lead manager to the issue is JM Financial Consultants Private Limited

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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