28 May 08 20 Microns IPO Details
20 Micron IPO should be out soon. 20 Microns which as the name suggests is in the business of producing micronised minerals which is used in paints. The company got its name since it pioneered the 20 to 2 micron sized micronised mineral production. 20 Microns IPO will raise about 40 crores by diluting close to 50% of the post issue paid up capital of the company. The IPO would be a fixed price IPO. Once teh DRHP is approved by SEBI, the IPO price will be made known to the investors. Since 20 Micron IPO is not a book building issue, the time taken for allotment of shares will be much longer than the time taken for the allotment process to be completed for IPO’s through the book building route.
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