|
Jan 9 2007 12:00AM
Technocraft Industries sets Rs 95-Rs 105 price-band for IPO
Issue opens on 18 January 2007 Diversified firm, Technocraft Industries (India), on Tuesday priced its initial public offer (IPO) in the band of Rs 95 to Rs 105 a share. The 8.3-million-share offer can raise Rs 87.15 crore at the top end of the price band. The offer is set to open on Jan. 18 and closes on Jan. 23. The proceeds will fund the company's Rs 160 crore expansion of its drum closures, pipe and yarn divisions. Technocraft reported a profit after tax of Rs 21.95 crore on total income of Rs 215 crore for the six months ended September|
|