Business Standard

Dredging Corporation of India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

224.00 cr

Price Range (₹)

400

Lot Size

15

Min Investment (₹)

6,000.00

Listing Exchange

MumbaiNSEDelhiKolkata

Open Date

26-Feb-2004

Close Date

04-Mar-2004

Listing Date

19-Mar-2004

Dredging Corporation of India Ltd News

    The Shares of Dredging Corporation of India Ltd have now been listed.

    Dredging Corporation of India Ltd IPO Details

    Offer for sale of 5600000 equity shares of Rs. 10 each at a price of Rs. 400 for cash aggregating Rs. 224 crore (hereinafter referred to as the offer). The offer would constitute 20% of the fully diluted post-offer paid-up capital of the company.The Offer is being made through the 100% Book Building Process wherein a maximum of 50% of the Offer shall be offered on a discretionary basis to Qualified Institutional Buyers. Further, not less than 25% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 25% of the Offer shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received within the Price Band.

    Objective of issue

    Dredging Corporation of India Ltd Contact Details

    Dredging Corporation of India Ltd, Karvy House 46, Road No 4 Street No1, Banjara Hills, Hyderabad - 500034

    Phone - 91-40-23312454/23320251

    Fax - 91-040-23311968

    Email - sreekanth@dci.gov.in

    Website - www.dredge-india.com