Business Standard

Bang Overseas Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

72.45 cr

Price Range (₹)

207

Lot Size

30

Min Investment (₹)

6,210.00

Listing Exchange

MumbaiNSE

Open Date

28-Jan-2008

Close Date

31-Jan-2008

Listing Date

20-Feb-2008

Bang Overseas Ltd News

    The Shares of Bang Overseas Ltd have now been listed.

    Bang Overseas Ltd IPO Details

    Public issue of 3,500,000 equity shares of Rs. 10/- each at a price of Rs.207/- per equity share for cash aggregating Rs.72.45 Crores (hereinafter referred to as the issue), including employee reservation of 100,000 equity shares of face value of Rs.10/- each at a price of Rs.207/- per equity share for cash aggregating Rs.2.07 Crores (hereinafter referred to as the employee reservation portion). The issue less the employee reservation portion shall be 3,400,000 equity shares of Rs. 10/- each (hereinafter referred to as the net issue to the public). The issue will constitute 25.81% of the post issue paid-up capital of our company.Issue Price is Rs.207/- per equity share of face value of Rs.10/- eachThe issue price is 27 times the face value

    Objective of issue

    Setting up Retail Outlets across India& Brand Buld. Setting up of a new Apparel Manufacturing Unit. Warehousing and logistic facilities. General Corporate Purposes.

    Bang Overseas Ltd Contact Details

    Bang Overseas Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - cs@banggroup.com

    Website - www.banggroup.com