Edelweiss Capital plans to raise over Rs 690 crore from its initial public offering of 83,86,147 equity shares of face value Rs 5 each.
The price-band of the issue of face value Rs 5 each has been fixed at Rs 725-825 per share. The issue opens on Nov 15 and closes Nov 20.
At the lower end of the price band, Edelweiss will raise over Rs 607 crore.
Rating agency CRISIL has assigned an IPO grade of 4/5 to the company, indicating that the fundamentals of the issue are above average.
Edelweiss plans to utilise the proceeds for enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement existing technology capacity and prepayment of loans.
The company's total consolidated income in 2006-07 (Apr-Mar) was Rs 371.2 crore and net profit for the year stood at Rs 109 crore. For the five months ended August 2007, its consolidated total income stood at Rs 284.8 crore and net profit Rs 80.9 crore.
Kotak Mahindra Capital, Citigroup and Lehman Brothers are book running lead managers to the issue.
The price-band of the issue of face value Rs 5 each has been fixed at Rs 725-825 per share. The issue opens on Nov 15 and closes Nov 20.
At the lower end of the price band, Edelweiss will raise over Rs 607 crore.
Rating agency CRISIL has assigned an IPO grade of 4/5 to the company, indicating that the fundamentals of the issue are above average.
Edelweiss plans to utilise the proceeds for enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement existing technology capacity and prepayment of loans.
The company's total consolidated income in 2006-07 (Apr-Mar) was Rs 371.2 crore and net profit for the year stood at Rs 109 crore. For the five months ended August 2007, its consolidated total income stood at Rs 284.8 crore and net profit Rs 80.9 crore.
Kotak Mahindra Capital, Citigroup and Lehman Brothers are book running lead managers to the issue.
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