Sejal Architectural Glass fixes IPO price at Rs 115 per share
Sejal Architectural Glass has fixed the issue price of its equity shares at Rs 115 per share for its initial public offering (IPO).
The issue price has been fixed at the upper limit of the price-band, which was fixed between Rs 105 and Rs 115. The company had issued 91.94 lakh equity shares of Rs 10 each through a 100 per cent book building process.
Sejal Architectural Glass is into processing of insulating, toughened and laminated glass. The company also has a trading division which supports various in-house brands and products of other manufacturers. The products include tiles, sanitary-ware, mirrors, glass, etc. for home and commercial interiors.
The company plans to utilize the issue proceeds to part-finance setting up a new manufacturing facility for the production of float glass with an installed capacity of 2,00,750 metric tonne per annum at Bharuch in Gujarat. The commercial production would commence from March 2009.
The Equity Shares will be listed on National Stock Exchange of India Limited (“NSE”) and Bombay Stock Exchange Limited (“BSE”).
Saffron Capital Advisors Private Limited is the sole Book Running Lead Manager (“BRLM”) to this Issue.
