Tuesday, June 19, 2007

Spice Telecom IPO opening on June 25

Hi Friends,

Incorporated in 1997, Spice Communications Limited (or Spice Telecom) is a cellular services provider in the states of Punjab and Karnataka in India. Spice Telecom has around 14.26% market share in these states.

Spice Communications Limited is entering the capital markets with an initial public offering, IPO of 137,985,000 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 41/- at lower level and Rs 46/- at upper level for equity share of Rs 10. The issue opens on June 25, 2007, and closes for subscription on June 27, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

Click here for more information about Spice Communications Limited IPO.