Saturday, June 9, 2007

Celestial Labs Limited IPO Opening on June 18

Hi Friends,

Incorporate in 1997, Celestial Labs Limited is in the business of research, development and manufacturing of biotechnology products. Celestial provides customized enterprise solutions, bio-informatics services and is also involved in development of biopharmaceuticals and industrial enzymes.

Celestial is entering the capital markets with an initial public offering, IPO of 57,00,000 Equity Shares, for cash, at a premium to be decided through a Fixed Price Issue.
The price for the issue has been fixed at Rs 60/- for equity share of Rs 10. The issue opens on June 18, 2007, and closes for subscription on June 22, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).