C Mahendra Exports Limited IPO : Listing on 20th Jan 2011

by khalid on 17/01/2011 · 0 comments

C Mahendra Exports Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 02th Jan 2011. The IPO was open between 31st Dec 2010 to 06th Jan 2011. The price band was Rs 95 to Rs 110 and the Issue Price was fixed at the upper level of price band, Rs 110 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs Rs. 165.00 Crore. C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery.

IPO Listing Detail :-
Listing Date: 20th Jan 2011
BSE Scrip Code : 533304
Listing In : ‘B’ Group of Securities
ISIN : INE378J01013
Issue Price : Rs. 110.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the public issue are proposed to be utilized to finance setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat, finance setting up a jewellery manufacturing unit at Mumbai, finance setting up retail outlets, finance brand development expenses, investment in capital of C. Mahendra BVBA, general corporate purposes and achieve the benefits of listing on the Stock Exchanges.

The Book Running Lead Managers (BRLM) to the offer are Anand Rathi Securities Limited and YES Bank Limited.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more news on C Mahendra Exports Limited IPO !

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