Tara Jewels IPO : Files DRHP with SEBI

by khalid on 18/10/2010 · 1 comment

Studded jewelery exporter Tara Jewels has informed the market(BSE) that they have planning to enter capital markets with its maiden public issue of —- equity shares of Rs 10 each constituting Rs 200 crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 5th Octoner 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO price band has not been decided yet. The Issue, which will be through a 100% book building process, shall constitute 25% of the post-issue paid up equity capital of the Company.

In the current year so far, Indian corporates have raised over Rs50,000 crore through domestic issues. This is close to the record figure of Rs52,900 crore raised by domestic firms through equity issues in the whole of 2007.

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 Sole Book running lead manager to the issue is Enam Securities.

Registrar of the Issue : Link Intime India Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more on Tara Jewels IPO !

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