Kiri Dyes and Chemicals IPO opens on March 25th

Kiri Dyes and Chemicals IPO is all set to enter the capital markets with an issue of over 37 lakh equity shares on March, 25th, 2008. Kiri Dyes and Chemicals IPO Price band has been fixed at Rs. 125 to Rs. 150 per share. Kiri Dyes and Chemicals is a Ahmedabad based company established 10 years back engaged in the production of Dyes and Dye intermediates. The company manufactures reactive dyes, also known as Synthetic Organic Dyes (S.O. Dyes) and dye intermediates with its integrated production process. The product range of company caters to textiles, leather, and paint and printing-ink industries. The world market for dyes, pigments and dye intermediates is estimated at about $ 23 billion. Global dyestuff industry has undergone a major shift during the 1990s. The company plans to use the funds raised from the Kiri Dyes IPO for setting up new production facilities and for expansion of existing manufacturing facilities. Kiri Dyes and Chemicals IPO Subscription closes on 4th April, 2008 and the company proposes to list the Kiri Dyes and Chemicals IPO on the BSE and NSE exchanges. More information and updates on Kiri Dyes and Chemicals IPO Subscription details and Kiri Dyes IPO Allotment will be updated here.