Tuesday, October 25, 2005

GIPCL fixes issue price for its public issue

Gujarat Industries Power Company, GIPCL, has fixed the issue price for its public issue of the face value of Rs 10 each at Rs 68 per equity shares. At the price of Rs 68 per share the total issue size is Rs 275 crore (Rs 2.75 billion).
The issue closed on October 19. It was subscribed 4.77 times. The equity shares from this proceeds are proposed to list on the BSE, NSE and VSE.
The company entered the capital market on October 13. Its price band was fixed at Rs 63-75.
The book running lead managers to the issue were Allianz Securities, Enam Financial Consultants, GSFS Capital and Securities and HSBC Securities and Capital Markets (India). Karvy Computershare was the registrar to the issue.


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