New IPO : Abhishek Mills Ltd.
February 19th, 2007 by AnalystSalient Features
Issue Opens On : February 20,2007
Issue Closes On : February 26,2007
Issue Size : 41,00,000 Equity Shares
Issue Type : Book Building
Face Value : Rs.10/-
Price Range : Rs.95/- to Rs.110/-
Tick Size : Re.1/-
Market Lot : 60
Minimum Order Qty : 60
Listing Stock Exchange : NSE, BSE
Background :
Abhishek Mills Ltd (AML) was earlier known as Abhishek Cotspin Mills Ltd.
The Company operates in two segments; First in yarn manufacturing through its 100% export oriented manufacturing unit and second in construction space.
Main Objects of the Issue:
To arrange operating capital requirement of Rs. 10.83 crores for expansion.
To meet general corporate purposes and issue related expenses.
To fund setting up of an integrated unit of yarn dyeing, weaving and process house for Rs. 207.95 crore
Posted in IPO |
