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Jan 11 2007 12:00AM
Redington (India) sets Rs 95-Rs 113 price band for IPO
Redington (India) has fixed a price band of Rs 95-Rs 113 for its initial public offering, which opens on January 22. It is offering 13.23 million shares of 10-rupee face value that will constitute 16.99 percent of its fully diluted, post-issue capital. Redington, an information technology products distributor and logistics service provider, plans to utilise the proceeds of the issue to set up four distribution service centres in India and one in Dubai. It also plans to start operations in the Middle East and Africa. |
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