Tuesday, December 4, 2007

Brigade Enterprises Limited - IPO opening on Dec 10

Incorporated in 1990, Brigade Enterprises Limited is one of the leading real estate development companies based in Bangalore, rimarily focused on the development of residential, commercial and hospitality properties in South India.

Brigade Enterprises Limited is entering in the capital markets with an initial public offering, IPO of 1,66,24,720 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. 351/- at lower level and Rs. 390/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 10, 2007, and closes for subscription on Dec 13, 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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