Milestone Capital Advisors IPO : Files DRHP With SEBI

by khalid on 15/07/2010 · 0 comments

Milestone Capital Advisors provides investment advisory services for investment in various sectors including real estate, logistics, health care and education and infrastructure ancillary activities. It also provides portfolio management services (PMS). The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to float its Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of 4,285,715 equity shares of face value Rs 10 each, with a premium decided by the 100% book building process.

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 proving initial investment for the infrastructure fund, small and medium enterprise fund to be set up by the company; purchasing new office premises in Mumbai and for funding expenditure for general corporate purposes.

Book Running Lead Managers (BRLMs) to the offer are IDFC Capital, Edelweiss Capital, ICICI Securities and Karvy Computershare is the registrar.

Stay tuned to BelltheBull Blog for more on Milestone Capital Advisors IPO!

Source : BelltheBull

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