IPO market is again abuzz with activity and thus a new offers are about to be launched to get public money out of their coffers. I have promised to provide the latest updates in Indian IPO market and the IPO which is likely to come in near future is Rishabhdev Technocable Limited and its details is as listed below:
- Public Issue Open: June 4 ,2009 to June 9, 2009
- Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
- Public Issue Size: 90,00,000 Equity Shares of Rs. 10/-
- Face Value: Rs. 10/-
- Public Issue Price: Rs 29/- to Rs 33/-
- Market Lot: 200 Shares
- Minimum Order Quantity: 200 Shares
- Maximum Subscription Amount for Retail Investor: Rs 100,000/-
- Listing: BSE, PSE, JSE
- Lead Manager: IDBI Capital Market Services Ltd, PL Capital Markets Pvt Ltd
- Registrar: Mondkar Computers Pvt Ltd (Ph: +91-22-28207203 Email: info@mondkarcomputers.com)
2. Undertake your research before going for market speculation related to any IPO as grey market can be artificially manipulated as was done in case of Dhirubhai Ambani group RPOWER IPO and it is a historical lesson to be learnt. Nonetheless grey market price for Rishabhdev Technocable Limited is likely to be above Rs 40.
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