Zylog Systems, a global IT solutions and services provider delivering technology- driven business solutions, will list on the bourses with 1,64,46,420 shares on August 17, 2007. The offer price has been fixed at Rs 350 per share.
The company had come out with a public issue of 3,600,000 equity shares of Rs 10 each through 100% book building process at a price band of Rs 330-350 per equity share. The issue would constitute 21.89% of the fully diluted post issue paid up equity capital of the company.
According to Grey Market Prices Zylog Systems is likely to list above Rs 560 on Friday.
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