Abhijeet Power files DRHP for Rs 1375 crore IPO

Posted By: Religare
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Abhijeet Power files DRHP for Rs 1375 crore IPO
Abhijeet Power has filed the offer documents with SEBI for an IPO, cash aggregating up to Rs 1,375 crore.

The company is also planning for pre placement of up to 333,333,333 equity shares for an amount not exceeding Rs 500 crore. The issue includes the a reservation of equity shares aggregating up to Rs 10 crore for eligible employees, and employees will also receive 10% discount on the issue price.

The portion less than the employee's portion in issue is available to public.

Global coordinators to the issue are DSP Merrill Lynch Limited and Enam Securities Private Limited, and the book running lead managers to the issue are the Axis Bank Limited, IDFC Capital Limited, SBI Capital Markets Limited and UBS Securities India Private Limited.

The shares are planned to be listed on both the exchanges, BSE as well as NSE.

Read more about: sebi, ipo, capital market, bse, nse
Story first published: Friday, July 1, 2011, 23:33 [IST]
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