Shree Ganesh Jewellery House, one of India`s largest manufacturers and exporters of handcrafted gold jewellery is planning to raise up to Rs 3.28 billion through an initial public offering (IPO) in order to expand operations and diversify into newer products.
The price-band for the IPO has been fixed between Rs 260 - Rs 270 and the issue will start from March 19 and will end on March 23.
The company plans to issue 142, 69,831 equity shares with a face value of Rs 10 each. Moreover, the IPO will consist of a fresh issue of 1, 21, 36,497 equity shares by the company itself whereas an offer for sale of 21, 33,334 equity shares will be done by its PE investor, Credit Suisse PE Asia Investments (Mauritius).For more details click here.
Thursday, March 18, 2010
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