March 07, 2013 / 18:18 IST
Repco Home Finance, a professionally managed and NHB-registered housing finance company promoted by Government of India enterprise Repco Bank Limited, is planning to open on March 13, 2013, a public issue of 1,57,20,262 equity shares of face value of Rs 10 each.
The price band is fixed at Rs 165-172 per equity share. Bids can be made for a minimum of 75 equity shares and in multiples of 75 equity shares thereafter. The issue will close on March 15, 2013 for all bidders.The issue includes a reservation of 1,80,000 equity shares of Rs 10 each for subscription by eligible employees at the issue price. The company decided to offer a discount of Rs 16 on the issue price to eligible employees. The issue shall constitute 25.29 percent and the net issue (issue less the employee reservation portion) shall constitute 25 percent of the post issue paid-up capital of the company, respectively.The rating agency ICRA assigned grade 3/5 indicating average fundamentals to the issue. The equity shares are proposed to be listed on the NSE and the BSE.The book running lead managers to the issue are SBI Capital Markets Limited, IDFC Capital Limited and JM Financial Institutional Securities Private Limited.Also Read: Bothra Metals' Rs 12.21cr IPO to open on March 12 Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
