Bang Overseas IPO opens on January 28th

Bang Overseas IPO is all set to open on 28th January, 2008 with an offering of 35 lakh equity shares at a price band of Rs 200 at the lower end and Rs 207 at the higher end of the issue. Bang Overseas IPO will issue 35 per cent of the total shares under offer to the Retail investors and other shares proportionately to the Qualified and the Institutional investors. Bang Overseas is an retail apparel manufacturer which markets its products under the brand name “Thomas Scott”. The IPO Proceeds will be used by the company for establishing 88 retail stores across India, for promotional activities and to setup a new manufacturing plant. Bang Overseas IPO has been graded by CARE and the IPO received CARE IPO GRADE 2 which indicates average fundamentals of the IPO.

Bang Overseas IPO Subscription closes on January 31, 2008.Book Running Lead Manager to the Bang Overseas IPO is Almondz Securities and the IPO is proposed to be listed on the BSE and NSE. For more information and updates on Bang Overseas IPO subscription and Bang Overseas IPO Allotment do visit us regularly.