Published on Tue, Sep 26, 2006 at 09:19 | Source : Moneycontrol.com
Updated at Tue, Sep 26, 2006 at 09:38
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Hanung Toys fixes IPO price band at Rs 85-95
Hanung Toys and Textiles, a manufacturer and exporter of stuffed toys and home furnishings, proposes to enter the capital market on September 28 with a public issue of 95-lakh equity shares of Rs 10 each through a 100 per cent book-building process.
Hanung Toys and Textiles, a manufacturer and exporter of stuffed toys and home furnishings, proposes to enter the capital market on September 28 with a public issue of 95-lakh equity shares of Rs 10 each through a 100% book-building process.
The price band ranges between Rs 85 and Rs 95 per equity share. The net issue to the public is 90 lakh equity shares forming 35.73% of the post issue paid up capital of the company.
Five-lakh equity shares are reserved for employees. 50% of the net issue shall be allotted on a proportionate basis to qualified institutional buyers, QIBs with 5% of the QIB portion available for allocation on a proportionate basis to mutual funds. Not less than 15% of the net issue will be available for allocation on a proportionate basis to non iInstitutional bidders and not less than 35% will be available for retail individual bidders on a proportionate basis.
Through a shareholders' agreement in February 2006, Bennet, Coleman and Co has acquired 5 lakh equity shares at a price of Rs 150 per share (Rs 7.5 crore), constituting 1.99 per cent of the post issue equity share capital of the company.
