Business Daily from THE HINDU group of publications
Wednesday, Oct 04, 2006

Cross Currency

Group Sites

Markets - IPOs
Ind Synergy files for IPO

Our Bureau

Mumbai , Oct 3

Ind Synergy Ltd has filed the draft red herring prospectus with the SEBI for its proposed initial public offer (IPO).

The company will offer 2,00,00,000 equity shares of Rs 10 each at a premium to be decided by the 100 per cent book building process.

The issue proceeds will fund the company's third-phase expansion of the steel division.

The company proposes to set up an integrated steel plant with a capacity of 2,40,000 MTPA for production of stainless steel, alloy long products and alloy seamless products, adjacent to its existing facilities in Raigarh district, Chhattisgarh.

UTI Securities Ltd is the Book Running Lead manager to the issue.

More Stories on : IPOs | Steel

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India Infoline enters mobile trading arena

Computer education cos gaining on bourses
Megasoft close to acquiring US co
ORG Info up on result hopes
Bear domination
IVRCL: Betting on order book
Korean asset management group Mirae eyes India
`$600 m net inflows in 3rd quarter'
Infosys, HDFC, Reliance lead market fall
Fortis Healthcare applies for IPO
Ind Synergy files for IPO

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line