Advanta India Limited (AIL) is an agronomic seed company with principal operations in India, Australia, Thailand and Argentina. Advanta India Limited (AIL) is entering the capital markets with an initial public offering, IPO of 5,057,000 equity shares of face value of Rs 10 each, for cash, at a premium to be decided through a 100% book-building process.
The price band for the issue has been fixed between Rs 600 and Rs 650 per equity share. The issue opens on March 26, 2007, and closes for subscription on March 30, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
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