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PG Electroplast to raise Rs 121 crore

PG Electroplast to raise Rs 121 crore
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First Published: Mon, Sep 05 2011. 03 24 PM IST
Updated: Mon, Sep 05 2011. 03 24 PM IST
Mumbai: PG Electroplast, an electronic manufacturing services provider, has set a price band of Rs 190-210 per share for its initial public offering (IPO) to raise up to Rs 121 crore.
The share sale, which will offer 5.75 million shares, will constitute 35% of the fully diluted post-issue paid-up share capital, the company said in a statement on Monday.
Proceeds from the issue, which will open on 7 September and close on 12 September, will be used to fund expansion, retire debt and meet working capital requirements.
Almondz Global Securities is the sole book running lead manager to the issue.
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First Published: Mon, Sep 05 2011. 03 24 PM IST