Cantabil Retail India Limited IPO : Opening on 22nd Sep 2010

by khalid on 22/09/2010 · 1 comment

Cantabil Retail India Limited is a textiles, apparels and luxury goods comapny. The company is engaged in designing, manufacturing, branding, and retailing apparels under the CANTABIL and La FANSO names in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 105.00 crores. The IPO is opening on 22nd Sep 2010 and the shares will be available for subscription up to 27th Sep 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 127 at the lower level and Rs 135 at the upper level.

Promoters of the company are Mr. Vijay Bansal and Deepak Bansal.

The proceeds of this IPO will be used to establishment of new integrated manufacturing facility, expansion of exclusive brand outlets, additional working capital, repayment of debt, general corporate purposes and expenses for the IPO.

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 : 22nd Sep 2010 – 27th Sep 2010
Issue Type : 100% Book Building Issue
Issue Size : 8267716 Equity Shares of Rs 10 each
Issue Size : Rs. 105.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 127 – Rs. 135 Per Equity Share
Market Lot : 50 Shares
Minimum Order Quantity : 50 Shares
Listing At : BSE, NSE

The sole book running lead manager to the issue is Spa Merchant Bankers Ltd

Registrar of the Issue : Beetal Financial & Computer Services (P) Limited, New Delhi

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