Circuit Systems IPO : Circuit Systems India Limited IPO opens on Sep 27

Gandhinagar-based Circuit Systems India Limited incorporated in 1995 a manufacturer of Printed Circuit Board(PCB) will float an initial public offer (IPO) to raise Rs 14.85 crore .The price of CSIL IPO is fixed at Rs. 35 per equity share.

Circuit Systems IPO will offer 42,44,810 shares of Rs 10 each at a premium of Rs 25 each to raise an amount of Rs 14.85 crore. Post IPO the net issue will constitute 25% paid up capital of the company.Subscription of Circuit Systems IPO will start from September 27 and the IPO will close on October 5 2007.

Circuit Sytems India is a manufacturer of Printed Circuit Boards (PCB).The company wants to increase its production lines by setting up new project which would enable them to meet the future market requirements in Indian and global Markets.Circuit Sytems IPO fund raising would help them set up the project and also help them to expand internationally in markets like Europe and North America.

Book running lead manager to the Circuit Sytems IPO is Centrum Capital Ltd. Post IPO the listing of Circuit Sytems IPO will be on Bombay Stock Exchange.

For more information regarding the Subscription of Circuit Systems IPO, Allotment and listing of Circuit Sytems India IPO read this blog regularly.