ACI IPO:Allied Computers International IPO

Allied Computer International (ACi) is entering the capital markets with an public issue of 50,00,000  equity shares of face value of Rs 10 each issued for cash at a premium of Rs 2 per shares aggregation to Rs 6 Crores.

The Price Band for the Allied Computer International IPO,which opens for subscription on September 07, 2007 and closes on September 12, 2007, has been fixed at Rs 12 per Equity Share.

Out of the total public issue of 50,00,000 equity shares,5,00,000 shares would be alloted to Qualified Institutional Buyers (“QIBs”) .Out of the above QIB portion 25000 shares shall be available for allocation to Mutual Funds only . Net offer to the public would be 45,00,000 Lakh shares.

The net proceeds of the public issue would be used to setup Global Laptop, TFT and other equipment Service Centres at Vasai, Dist. Thane, Mumbai and to meet the public issue expenses.

The Equity Shares of the company are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”).The Book Running Lead Manager to the Issue is: CIL Securities Limited and Registrar for the issue is Bigshare Services Private Limited.

To read the Prospectus of Allied Computers International IPO click here.

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