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ACB India files papers for 1,000 Crore IPO

Tuesday, May 31, 2011
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New Delhi: ACB India, which operates coal washeries, today filed preliminary papers with market regulator the Securities and Exchange Board of India (Sebi) for an initial share sale, which could garner over Rs 1,000 crore. ACB is expecting to mop up over Rs 1,000 crore through the initial public offering, according to market sources. The issue comprises fresh equity as well as sale offer of 2.8 crore shares, the firm said in a statement. The price band would be decided through the book-building process. Post IPO, the shares would be listed on the National Stock Exchange and Bombay Stock Exchange. Global coordinators for the issue are IDFC Capital, Edelweiss Capital, JP Morgan India and Macquarie Capital Advisers (India). According to the statement, the Book Running Lead Managers to the issue are Axis Bank, ICICI Securities and YES Bank.
Source: PTI
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