29 Jul 07 KPR Mill Limited IPO : KPR Mills IPO opens on 2nd
KPR Mill Limited, a Tamilnadu based apparel company, is coming out with an IPO through the book building process. KPR Mill IPO will open for subscription on 02 August 2007 and will close for subscription on 07 August 2007. KPR Mills Limited has fixed the price band for the IPO between Rs. 225 and Rs. 265 per share. As per the Draft Prospectus, KPR Mill Limited will use the proceeds of the IPO for expansion of its garment unit at Arasur which is in Coimbatore, for setting up a design studio, to construct a hostel at Arasur and to expand / construct new facilities to increase capacity. Post IPO, the shares of KPR Mills Limited will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). KPR Mill Limited had recently made a pre IPO placement of Rs. 105 crores with Blue River Capital, Brandot International and Argonaut Private Equity. The issue size of KPR Mill IPO is Rs. 156 crores at the upper end of the price band. The lead manager for the KPR Mills IPO is Kotak Investment Banking. The registrar for the KPR Mill IPO is Karvy. For updates on the subscription / oversubscription ratio of KPR Mill Ltd IPO and to know the IPO allotment status, refund details and listing date of KPR Mills Ltd. IPO, do check this blog regularly.
KPR Mill Limited IPO Prospectus
For more information, read the Draft red herring prospectus of the KPR Mill Limited IPO Issue.
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Pl explain KPR Mill Ltd, strenth its bussness and other detailes.fanctions of its company and equlent company status of share valu in marct.