Thursday, March 7, 2013

Repco Home Finance IPO to open on Mar 13th

Repco Home Finance Ltd is entering in the capital markets with an initial public offering, IPO of 15,720,262 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 165/- at lower level and Rs 172/- at upper level.

Repco Home Finance Ltd (RHFL) is mainly engaged in the business of housing finance. They are in the business of financing the construction and purchase of residential and commercial properties including repairs and renovations ("Individual Home Loans"); and loans against properties ("Loans Against Property"). RHFL is operating through 73 branches and 19 satellite centres.

The issue opens on Mar 13, 2013 and closes for subscription on Mar 15, 2013. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The Issue has been graded by ICRA Limited and has been assigned the “IPO Grade 3/5” indicating average fundamental.

Click here to get more detail about Repco Home Finance Ltd IPO.