Nu Tek India IPO opens for subscription
The initial public offering of Nu Tek India opened for subscription on Tuesday.
By ET Online |
MUMBAI: The initial public offering of Nu Tek India opened for subscription on Tuesday.
The public issue of 4,500,000 equity shares is in the price band of Rs 170 to Rs 192 per equity share. The issue will close on August 1, 2008.
The issue comprises a fresh issue of 3,500,000 equity shares and an offer for sale of 1,000,000 equity shares by a strategic investor. It constitutes 26.07 per cent of the fully diluted post-issue paid up equity share capital of the company.
The company plans to utilise the issue proceeds to meet the cost of capital expenditure, overseas acquisitions and augmenting the long term working capital requirement amongst others.
The issue has been assigned an IPO grade of 3/5 rating agency, CRISIL.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange of India.
The public issue of 4,500,000 equity shares is in the price band of Rs 170 to Rs 192 per equity share. The issue will close on August 1, 2008.
The issue comprises a fresh issue of 3,500,000 equity shares and an offer for sale of 1,000,000 equity shares by a strategic investor. It constitutes 26.07 per cent of the fully diluted post-issue paid up equity share capital of the company.
The company plans to utilise the issue proceeds to meet the cost of capital expenditure, overseas acquisitions and augmenting the long term working capital requirement amongst others.
The issue has been assigned an IPO grade of 3/5 rating agency, CRISIL.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange of India.
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