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Sep 05, 2012, 05.23 PM IST
The Rs 6-crore SME IPO of Comfort Commotrade, which engaged in the business of commodity broking, has opened for subscription today. The issue consists of 60 lakh equity shares at a price of Rs 10 each.
Minimum bids can be made for 10,000 equity shares and in multiples of 10,000 shares thereafter. The issue will close on September 10. Comfort Commotrade is the member of MCX and NCDEX. It offers trading in many commodities such as bullion (gold, silver), energy (crude oil, natural gas), metals, food grains (rice, maize), spices, oil and oil seeds and others. The company intends to use issue proceeds for expanding business operations, enhancement of margin money maintained with the exchanges and general corporate purpose. VC Corporate Advisors Pvt Ltd is the book running lead manager to the issue.
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