Wednesday, 29 December 2010

C Mahendra Exports Ltd Issues IPO

C Mahendra Exports Ltd is one of the leading diamond jewellery Manufacturing Company wide spread around the world. The Company is engaged in trading and processing of diamond and diamond jewellery Now C Mahendra Exports issues Initial Public Offer (IPO) of 1.5 crore equity shares of Rs 10 each on December 31, 2010.

The capital accumulated through this IPO will be used for setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat; setting up a jewellery manufacturing unit at Mumbai; setting up retail outlets; brand development expenses and investment in capital of C Mahendra BVBA.

The issue will open on 31st December, 2010 and will close on 6th January 2010.The IPO is Book Building IPO with a Price Band: Rs. 95/- to Rs. 110/- per equity share.

Minimum No of shares to be applied is 60 shares and additional 60 shares each. Lead managers of this IPO are Anand Rathi Advisors Limited and YES Bank Limited.

This is a good chance to participate the diamond manufacturing business.

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