Tuesday, August 18, 2015

Navkar Corporation IPO Opens on Aug 24

Navkar Corporation IPO Detail is entering in the capital markets with an initial public offering, IPO of *** Equity Shares of Rs. 10 each Aggregating up to Rs 600 Cr. The price band for the issue has been fixed at Rs 147 at lower level and Rs 155 at upper level. The minimum bid lot is 95 equity shares and in multiples of 95 equity shares thereafter.

Navkar Corporation Limited is CFS operator in India with three CFSs, Ajivali CFS I and Ajivali CFS II at Ajivali and Somathane CFS at Somathane, which are strategically located in Panvel, Maharashtra.

The issue opens on Aug 24, 2015 and closes for subscription on Aug 26, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).