17 Jul 07 SEL Manufacturing Company Limited IPO
SEL Manufacturing Company Limited, a garment manufacturing company, is coming out with an IPO through the book building process. The SEL Manufacturing Company IPO will open for subscription on 26th July 2007 and will close for subscription on 31st July 2007. SEL Manufacturing Company Limited has fixed the price band for the IPO between Rs. 80 and Rs. 90 per share. As per the DRHP, SEL Manufacturing Company Limited will use the proceeds of the IPO to expand its manufacturing capacities. SEL Manufacturing Company Limited had recently raised about Rs. 8.5 crores through a pre IPO placement. EXIM Bank was issued over 7.5 lakh shares of SEL Manufacturing Company Limited at a price of Rs. 65 in the pre IPO placement while Nirmal Kotecha was issued 5 lakh shares at a price of Rs. 75 per share. Post IPO, the shares of SEL Manufacturing Company Limited will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead manager for the SEL Manufacturing IPO is UTI Bank. The registrar for the SEL IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of the SEL Manufacturing Company Ltd IPO and to know the IPO allotment status, refund details and listing date of the SEL Manufacturing Company Ltd. IPO, do check this blog regularly. The IPO issue size of SEL IPO is about Rs. 35 crores. Retail portion is less than Rs. 15 crores. Hence its better to skip the SEL Manufacturing IPO and invest in other good IPO’s which will open for subscription around the same time.
SEL Manufacturing Company Limited IPO Prospectus
For more information, read the Draft Red Herring prospectus of the SEL Manufacturing Company Limited IPO Issue.
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Bull Bhai,
Are you OK?
I see your posting one day and you disappear next 4 days. Hope everything is fine with you.
Regards…
@ Kokke – Thanks a lot for your concern. I’m fine. I wasn’t able to post frequently, in the first week of this month because I was travelling. I’ve settled down now and i’m posting every day these dyas.