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Book Running Lead Manager to the issue Almondz Global Securities Limited has informed the Exchange that the Book Building issue of Gemini Engi-Fab Limited withdraws IPO due to poor response. IPO which was scheduled from February 3,2009 to February 6,2009 now stands cancelled.
Incorporated in 1998, Gemini Engi-Fab Ltd is a Andheri, Mumbai based manufacturer of industrial fabrication related products for verity of industries.
Gemini Engi-Fab Limited is entering in the capital markets with an initial public offering, IPO of 55,00,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 75/- at lower level and Rs 80/- at upper level for equity share of Rs 10/-. The issue opens on Feb 03, 2009, and closes for subscription on feb 06, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Gemini Engi-Fab IPO is proposed to open on February 3, 2009. The IPO application ends on February 6, 2009.
Retail investors can apply in the retail or non-institutional investor category from February 3, 2009 to February 6, 2009. The Gemini Engi-Fab IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Gemini Engi-Fab IPO will open for subscription on February 3, 2009. The public issue will close on February 6, 2009.
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