Mudra Lifestyle, Vijayeshwari, Euro Cera to list on Mar 9

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Mudra Lifestyle, engaged in fabric weaving, processing, making garments and gradually moving towards garment manufacturing mainly in the men's shirts and lady's wear segments, will list on March 9, 2007 with 3,59,90,469 shares on the bourses.

Its offer price was fixed at Rs 90 per share. Its BSE ID is 532820 and NSE ID is MUDRA. The company had entered capital market with a public issue of 95,80,000 equity shares of Rs 10 each through 100% book building process. Its issue oversubscribed 4.59 times.

SBI Capital Markets is the sole BRLM for the issue and Bigshare Services is the registrar.

Mudra Lifestyle, a leading manufacturer and exporter of fashion fabrics and garments with modern manufacturing facilities, proposes to utilize the net proceeds of the issue to expand its manufacturing facilities by setting up a new integrated unit having all the process of yarn dyeing, weaving, process house and garment manufacturing near Bangalore and Tarapur with an estimated investment of Rs 1774.90 million. Out of this  fund requirement, the company proposes to utilize debt up to Rs 1008.40 million and it is fully tied up.

Euro Ceramics

Euro Ceramics, a player in the ceramics and aluminium extruded sections domain, will list on the bourses with 1,71,00,000 shares on March 9.

The company had entered capital market with an initial public offering, IPO of 56.21 lakh equity shares of Rs 10 each. The public issue subscribed 3.02 times.

The book-running lead managers to the issue are UTI Securities and Enam Financial Consultants.

Vijayeshwari Textiles

Vijayeshwari Textiles, a company engaged in the production of cotton yarn and textile made ups, will list on the bourses with 1,81,69,240 shares.

Post issue, the promoters' shareholding stood 48%. It had entered with issue size of 90 lakh shares. The issue subscribed just 1.10 times.

The proceeds would part finance the company's expansion in all its divisions, namely, spinning, weaving and processing. In the spinning segment, the company is adding 50,688 spindles (46,004 spindles), 80 looms (84 looms) in the weaving segment and the processing capabilities are being doubled to 30,000 metres per day from the current 15,000 metres per day. The company also proposes to take over a sewing facility with a capacity of 24,00,000 pieces per annum and is further setting up an additional capacity of 26,00,000 pieces per annum.

IDBI Capital Market Services is the book running lead manager for the issue.