Jul 05, 2011, 07.07 PM | Source: Moneycontrol.com
Yash Birla Group Company Birla Pacific Medspa will be listing its equity shares on Thursday, July 7. It has fixed the issue price of the company at Rs 10 per share, the lower end of the price band.
The company raised Rs 65 crore through an IPO of 651.75 lakh equity shares. The issue, which opened for subscription during June 20-23, was subscribed 1.18 times.
Birla Pacific Medspa proposes to utilise Rs 49 crore for establishing 55 'Evolve' outlets, around Rs 6 crore for brand building and the balance for meeting working capital, Issue and other preliminary expenses.