Monday, December 10, 2007

Porwal Auto Components Limited - IPO opening on Dec 17

Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.

Porwal Auto Components Limited is entering in the capital markets with an initial public offering, IPO of 50,00,000 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. 68/- at lower level and Rs. 75/- at upper level for equity share of Rs. 10/-. The issue opens on Dec 17, 2007, and closes for subscription on Dec 20, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).

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