Monday, May 7, 2007

Insecticides India Limited (IILTD) IPO opening on May 07

Hi Friends,

Insecticides India Limited (IILTD) is in the business of manufacturing and distribution of formulations of plant protection chemicals and house hold pesticides. Insecticides product range includes more than 80 types of insecticides, fungicides, weedicides, herbicides and plant growth regulator for all types of crops and also house hold pesticides. Insecticides largest selling brands are Lethal, Victor, Thimet, Indan 4g and Kaiser.

Insecticides India Limited (IILTD) is entering the capital markets with an initial public offering, IPO of 32,10,000 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 97/- at lower level and Rs 115/- at upper level for equity share of Rs 10. The issue opens on May 07, 2007, and closes for subscription on May 11, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).