Friday, March 14, 2008

Kiri Dyes IPO - Analysis, Review and Recommendation

Kiri Dyes and Chemicals (KDCL), manufacturer and exporters of dyes and dyes intermediates, is entering the capital market with its initial public offering (IPO) of 37.5 lakh equity shares of face value of Rs 10 each, to raise funds for executing its backward integration project for manufacturing three key raw materials for dye intermediates. The shares will be offered at a price-band of Rs 125 to Rs 150 per equity share.

The issue opens on 25th March, 2008 and closes on 2nd April, 2008.

We recommend investors not to invest in this IPO.

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