Thursday, June 5, 2008

Archidply Industries IPO - Analysis, Recommendation and Review

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Archidply Industries will enter the capital market with an IPO of 66,15,720 equity shares of Rs 10 each through 100% book building process on June 11, 2008. The price band has been fixed at Rs 70-Rs 80 per equity share. The issue will close for subscription on June 17, 2008. The issue price is 7 times of the face value at the lower end of the price band and 8 times of the face value at the higher end of the price band.

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