Wednesday, April 18, 2007

Bhagwati Banquets And Hotels Ltd (BBHL) IPO Opening on April 18

Hi Friends,

Incorporated in November 1999, Bhagwati Banquets And Hotels Ltd (BBHL) is in the business of banquet halls, marriage halls, party halls and plots, hotels, restaurants, catering and cafe, taveran, refreshment room, entertainments, amusements, club, bath, grounds and places of recreation, sports, picnic places and hotel related services.

Bhagwati Banquets And Hotels Ltd (BBHL) is entering the capital markets with an initial public offering, IPO of 2,30,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 36 per at lower level and Rs 40/- at upper level for equity share of Rs 10. The issue opens on April 18, 2007, and closes for subscription on April 25, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).