Silverpoint Infratech lists below issue price
The West Bengal-based land development services provider had launched 80 lakh shares public issue between August 12 & August 14, 2013.
August 28, 2013 / 11:16 IST
Silverpoint Infratech shares fell below issue price of Rs 15 in opening trade itself on Wednesday. It opened at Rs 13 on the BSE SME platform, down over 13 percent from issue price.
The West Bengal-based land development services provider had launched 80 lakh shares public issue between August 12 & August 14, 2013.
The objects of the offer were to achieve the benefits of listing the equity shares on the stock exchanges and to carry out the sale of 80,00,000 equity shares by the selling shareholders.
The company is currently engaged in the providing land development, construction services and other related services for civil & structural construction and infrastructure sector projects.Inventure Merchant Banker Services Private Limited is the book running lead manager and Bigshare Services Private Limited is the registar to the offer.Also Read: Tiger Logistics IPO price looks unattractive: VS Fernando 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!
