Sejal Glass IPO opens

The initial public offering of Sejal Architectural Glass Ltd opened for subscription on Monday. The company’s public offering of 91,94,155 equity shares of Rs 10 each, is in the price band of Rs 105-Rs 115 per share. The issue constitutes 32.84 per cent of the fully diluted post issue capital. It will close on June 12.

The company plans to part finance a new facility for production of float glass with a capacity of 2,00,750 MT per annum in Bharuch, Gujarat.

The shares are to be listed on National Stock Exchange of India and Bombay Stock Exchange.

Saffron Capital Advisors is the sole book running lead manager to the issue.

11.06.2008, Sejal Architectural Glass Limited

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