Comfort Securities IPO : Files DRHP with SEBI

by khalid on 22/01/2011 · 0 comments

Mumbai based Comfort Securities Limited has informed the share market (BSE/NSE) that they have planning to enter capital markets with its maiden public issue of 9,500,000 equity shares of Rs 10 each constituting 44.71% of the post issue paid-up equity capital of the company. The company has filed a Draft Red Herring Prospectus (DRHP) on 5th January 2011 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO launching date is depend on the market conditions as per company sources.

The proceeds of the IPO amount would be used by the company to expand the domestic operations and network of branches, enhancement of margin money maintained with the exchanges and for brand building & promotional activities.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Book running lead manager to the issue is Dalmia Securities private Limited.

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

Stay tuned to BelltheBull Blog for more news on Comfort Securities IPO !

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