Incorporated in 1986, Kaveri Seed Company Limited is Hyderabad based company in the business of production, processing and marketing of high quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bio products.
Kaveri Seeds is entering the capital markets with an initial public offering, IPO of 40,00,000 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 150/- at lower level and Rs 170/- at upper level for equity share of Rs 10/-. The issue opens on Sept 06, 2007, and closes for subscription on Sept 11, 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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