VA Tech Wabag Limited IPO : ICRA Gives 4 out of 5

by khalid on 22/09/2010 · 0 comments

VA Tech Wabag Limited is Chennai based water treatment projects company. The company is a Group Company of Deutsche Babcock, Germany. VA Tech Wabag IPO has got 4 out of 5 by ICRA (rating agency) and this rating/grading is good for a water treatment projects company. The grade 4 indicates that the fundamentals of the IPO are Above Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 125.00 crores. The IPO is opening on 22nd Sep 2010 and the shares will be available for subscription up to 27th Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 127 at the lower level and Rs 135 at the upper level.

Issue Detail:-
Issue Open : 22nd Sep 2010 – 27th Sep 2010
Issue Type : 100% Book Building Issue
Issue Size : — Equity Shares of Rs 10 each
Issue Size : Rs. 105.00 Crores
Face Value : Rs 5 Per Equity Share
Issue Price : Rs. 1230 – Rs. 1310 Per Equity Share
Market Lot : 5 Shares
Minimum Order Quantity : 5 Shares
Listing At : BSE, NSE

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