Texmo Pipes and Products is coming with an initial public offering (IPO) of 50,00,000 equity shares of Rs 10 each in a price band of Rs 85-90 per share.
The issue will open on February 16, 2010 and will close on February 19, 2010. CARE has assigned IPO GRADE 2, indicating below average fundamentals to the Initial Public Offering of the company.
The company will be using the issue proceed for expansion of product range; setting up manufacturing facilities for injection mouldings/fittings and woven sacks; meeting long term working capital requirements and for General corporate purposes.
The book running lead manager to the issue is Almondz Global Securities Limited.
Source:http://money.livemint.com/
The issue will open on February 16, 2010 and will close on February 19, 2010. CARE has assigned IPO GRADE 2, indicating below average fundamentals to the Initial Public Offering of the company.
The company will be using the issue proceed for expansion of product range; setting up manufacturing facilities for injection mouldings/fittings and woven sacks; meeting long term working capital requirements and for General corporate purposes.
The book running lead manager to the issue is Almondz Global Securities Limited.
Source:http://money.livemint.com/
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