Auto ancillary company Autoline Industries Ltd is coming up with its Intial Public Offering of shares aggregating Rs 750 million. The company autoline industries ltd supplies auto components products to key Indian auto manufacturers such as Tata Motors, Bajaj auto, Mahindra and mahindra, Kinetic motors.
To modernize and upgrade the existing facilities at Chakan, set up a new manufacturing unit at Chankan, expand the UAE joint venture operation, expand facilities in design engineering unit, establish corporate office, make strategic acquisition and meet issue expenses, Autoline Industries is issuing equity shares through the 100% book building process to raise Rs 75 crore.
| Issue Period | Jan 08, 2007 to Jan 12, 2007 | |||
| Issue Size | {.} Equity Shares aggregating Rs.750 million | |||
| Issue Type | 100% Book Building | |||
| Face Value | Rs. 10/- | Price Range | Rs.200/- to Rs.225/- | |
| Tick Size | Re. 1/- | Market Lot | 25 shares | |
| Minimum Order Quantity | 25 shares | |||
| Maximum Subscription Amount for Retail Investor | Rs. 100,000 /- | |||
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. | |||
| Book Running Lead Manager | BOB Capital Markets Ltd. | |||
| Syndicate Member | Enam Securities Pvt. Ltd. | |||
