Cox and Kings Launches IPO Price Band @ Rs. 316-330
- Cox & Kings Launches IPO Price Band @ Rs. 316-330.
Travel and hospitality firm Cox and Kings said on Monday that it has fixed the price band between Rs 316 and Rs 330 for its maiden issue, that will see 29.08 per cent of the company’s shares being offered to the public.
Cox and Kings Ltd (CKIL) is coming out with the public issue of 1.85 crore shares. Of the total issue, the offer for the sale of shares by the existing stakeholders (including Lehman Brothers Opportunity, Deutsche Securities Mauritius and Merrill Lynch Capital Markets Espana, SA, SV) constitutes around 30 lakh shares. The remaining fresh issue of 1.55 crore shares would help the company to raise Rs488.2 crore to Rs510 crore (at the lower and the upper end of the price band respectively).
Details :-
November 18, 2009
Issue closes : November 20, 2009
Issue size : Rs. 584.5 crore to Rs. 610.4 crore
Offer size : 1.85 crore shares, forming29.4% of post-issue shares
Face value : Rs. 10
Price band : Rs. 316-330 per share
