Vijaywada based Chemcel Biotech (CBL) is all set to enter the capital market today (Sep 09), with an initial public offering (IPO) of 15,400,000 equity shares of Rs 10 each for cash at a premium of Rs 6.
The fixed priced issue will close on Friday (Sep 12, 2008).
The net issue to the public would be of 12,800,000 equity shares comprising 49.39% of the company’s post issue paid-up capital. The registrar to the issue is Bigshare Services. The equity shares of the company would be listed on the Bombay Stock Exchange.