Wednesday, July 25, 2007

SEL Manufacturing Company Ltd IPO Opening on July 26

Hi Friends,

SEL Manufacturing Company Limited (part of R. S. Saluja Group) is a Ludhiana based textile company involve in manufacturing and exporting cotton yarn, combed yarn, knitted fabrics and knitted garments. SEL's production facilities are located in Ludhiana in Punjab and Baddi in Himachal Pradesh.

SEL Manufacturing Company Limited is entering the capital markets with an initial public offering, IPO of 4,138,410  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 80/- at lower level and Rs 90/- at upper level for equity share of Rs 10. The issue opens on July 26, 2007, and closes for subscription on July 31, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about SEL Manufacturing Company Limited IPO.