C Mahendra Exports
PriceRs.142.50 - 165.00 crores
Tuesday, January 11, 2011
The government today fixed a price band of Rs. 95 - Rs. 110 per equity share for raising up to Rs.142.50 - 165.00 crores. The issue has received bids for 15,000,000 Equity Shares of Rs. 10and the market lot is 60 shares.
Incorporated in 1978, C Mahendra Exports is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.
Issue proceeds will be used for setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat; setting up a jewellery manufacturing unit at Mumbai; setting up retail outlets; brand development expenses and investment in capital of C Mahendra BVBA.
The Book Running Lead Managers are Anand Rathi Securities and YES Bank.
Incorporated in 1978, C Mahendra Exports is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.
Issue proceeds will be used for setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat; setting up a jewellery manufacturing unit at Mumbai; setting up retail outlets; brand development expenses and investment in capital of C Mahendra BVBA.
The Book Running Lead Managers are Anand Rathi Securities and YES Bank.
