Flexituff International Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 19th October 2011. The IPO was open between 29th Sep 2011 to 5th Oct 2011. The price band of the issue was Rs 145 to Rs 155 and the Issue Price was fixed at upper level of the price band, Rs 155 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 104.63 Crore. A leading integrated manufacturer of flexible intermediate bulk containers (FIBC),Flexituff International Limited is in the business of manufacturing Geo-Textile Fabric and Ground Cover, Reverse Printed Biaxially Oriented Polypropylene (BOPP) Woven Bags, Special Polypropylene (PP) Bags including Leno Bags.
IPO Listing Detail :-
Listing Date: 19th October 2011
BSE Scrip Code : 533638
NSE Symbol : FLEXITUFF
ISIN : INE060J01017
Issue Price : Rs. 155.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The IPO proceeds will be used by Flexituff International Limited to funding am expansion of manufacturing facilities at SEZ and DTA units at Pithampur, setting up of Dripper Project at Kashipur, working capital requirements, general corporate purposes and to meet Issue expenses.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager to the issue is Collins Stewart Inga Private Limited.
Registrar of the Issue : Link Intime India Private Ltd, Mumbai.
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