Kaveri Seed IPO opens for subscription

Kaveri Seed Company Limited,Secunderabad based agriculture input company , is open for subscription from today with a public issue of 40,00,000 equity shares of Rs 10 each through 100% book building process. Kaver Seed Company IPO opens today September 06, 2007 and the IPO closes on September 11, 2007 .

Kaveri  Seed Company IPO Price band  has been fixed at Rs 150 to Rs 170 a share and the company proposes to raise Rs 60 crore in the lower end of the price band and Rs 68 crore at the upper end of the price band.

The net issue to the public will be 38,00,000 equity shares after allowing for reservation of 2,00,000 equity shares for eligible employees. The issue will constitute 29.20% and the net issue will constitute 27.74% of the fully diluted post issue paid-up capital of the company.

The book running lead managers to the issue are Anand Rathi Securities and Sobhagya Capital Options. Shares of the company will be listed on both BSE and NSE.

For Kaveri Seed Company IPO Review Check the IPO Review Section.

For further updates on Kaveri Seed Company IPO Subscription details,Allotment Details,Listing dates and refund claims do check this blog regularly.