Wednesday, July 20, 2016

Prabhat Telecoms IPO to open on Jul 22nd

Prabhat Telecoms (India) Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 2,200,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 51.

Prabhat Telecoms (India) Ltd is a part of Prabhat group of companies engaged in design, assemble, and customize import and distribution of mobile handsets, wireless dongles/data-cards, data products and mobile/telecom accessories.

The issue opens on Jul 22, 2016 and closes for subscription on Jul 26, 2016. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.