C Mahendra IPO Latest News Today

IPO Listing Detail

Listing Date: Thursday, January 20, 2011
BSE Scrip Code: 533304
NSE Symbol: CMAHENDRA
Listing In: 'B' Group of Securities
ISIN: INE378J01013
Issue Price: Rs. 110.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

C Mahendra Exports Ltd IPO finally subscribed 2.78 times on its closing day. C Mahendra Exports Ltd IPO was open on Dec 31, 2010 and closed today on Jan 06, 2011 for subscription. C Mahendra Exports has received bids for 4,17,39,000 shares as against issue size of 1,50,00,000 shares.

Oversubscription detail

Qualified Institutional Buyers (QIBs): 1.02 Times

Non Institutional Investors: 3.92 Times

Retail Individual Investors (RIIs): 4.82 Times

Total: 2.78 Times

C Mahendra Exports Ltd is entering in the capital markets with an initial public offering, IPO of 1,50,00,000 Equity Shares of Rs. 10 each. The price band for the issue has not been fixed yet.

C Mahendra Exports Ltd is one of the leading diamantaire and jewelry company, 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.

The issue opens on Dec 31, 2010, and closes for subscription on Jan 06, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).