C Mahendra Exports Limited IPO : Opening on 31st Dec 2010

by khalid on 24/12/2010 · 0 comments

C Mahendra Exports Limited is entering into primary market with an Initial Public Offer (IPO) of 15,000,000 Equity Shares of Rs 10 each. The IPO is opening on 31st Dec 2010 and the shares will be available for subscription up to 6th Jan 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 95 – Rs. 110 Per Equity Share. The Issue Size is Rs. 142.50 – 165.00 Crores. The issue will constitute 25% of the fully diluted post issue paid-up equity share capital of the company. 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.

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.

Promoters of the Company are Mr. Mahendra C. Shah, Mr. Champaklal K. Mehta, Mr. Pravin C. Shah, Mr. Pravin K. Mehta and Mr. Sandeep M. Shah

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

Issue Detail:-
Issue Open : 31st Dec 2010 – 6th Jan 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : 15,000,000 Equity Shares of Rs 10 each
Issue Size : Rs 142.50 – 165.00 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 95 – Rs. 110 Per Equity Share
Minimum Bid Quantity : 60 Shares (Rs. 6600 with 1 Lot) @ upper level
Maximum Bid Quantity : 1800 Shares (Rs. 198000 with 30 Lots ) @ upper level
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

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 !

Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: