Entertainment World Developers Limited IPO : Files DRHP With SEBI

by khalid on 08/08/2010 · 0 comments

Entertainment World Developers Limited (EWDPL) is one of India’s leading developers in the Tier-II cities, based in Indore. EWDPL own, manage shopping malls, infra and hospitality projects. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) on 14th July 2010 to float its Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of 38,928,943 equity shares of face value Rs 10 each, with a premium decided by the 100% book building process. The issue size of this IPO will be Rs —- crore .

The Promoters of the Company are Mr. Manish Kalani, Kalani Brothers (Indore) Private Limited and Padma Homes Private Limited .

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 objects of the fresh issue :- The money raised from this IPO will be utilize by the company for Fund construction of certain Ongoing Projects and redemption of debt.

Book Running Lead Managers (BRLMs) to the offer are ICICI Securities, Kotak Mahindra Capital and Edelweiss Capital .

Stay tuned to BelltheBull Blog for more on Virgo Engineers Ltd IPO!

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