Wednesday, December 5, 2007

Aries Agro Limited - IPO opening on Dec 14

Incorporated in 1969, Aries Agro Limited is in the business of manufacturing of micronutrients and other nutritional products for plants and animals.

Aries Agro Limited is entering in the capital markets with an initial public offering, IPO of 45,00,000 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. 120/- at lower level and Rs. 130/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 14, 2007, and closes for subscription on Dec 19, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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