20 Microns IPO hit the capital markets with a public issue of 43 lakh equity shares of Rs. 10 each. 20 Microns IPO subscription begin on 8th September with an price band of Rs 50 to Rs. 55 per equity share.
20 Microns is a pioneer and leader in the micronised minerals and trend setter in the market for usage of ultrafine minerals for the Paints & Plastic Industries.The company intends to utilize the proceeds of the fresh issue in the IPO towards the current ongoing expansion plans of the manufacturing capacities at various locations, invest in the sub-micron particle sizes required by end-market and general corporate purposes.
CARE has assigned IPO Grade 3 to the 20 Microns IPO which indicates average fundamentals of the issue. 20 Microns IPO Subscription closes on September 11, 2008.
Book running lead manager to the 20 Microns IPO is Keynote Corporate Services Limited.The equity shares are proposed to be listed on Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd.
More information on 20 Microns IPO Subscription, Allotment and Listing will be updated here.
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1 comment so far ↓
how i can invest and how i can expext it is good fund.
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