New Delhi: Travel and hospitality firm Cox & Kings on Monday said it has fixed the price band between Rs
316 and Rs 330 for its maiden issue, that will see 29.08 per
cent of the company's shares being offered to the public.
The company has planned to come out with an initial
public issue of 1.85 crore equity shares of Rs 10 each and it
would be a 100 per cent book building process, Cox & Kings
said.
The issue would consist of a fresh issue of 1.55 crore
equity shares by the company and offer for sale of 30.45 lakh
equity shares by Lehman Brothers Opportunity, Deutsche
Securities Mauritius and Merill Lynch Capital Market Espana.
The IPO would also reserve up to two lakh equity shares
of Rs 10 each for the eligible employees.
The issue and the net issue would constitute 29.40 per
cent and 29.08 per cent respectively of the fully diluted post
issue paid up capital of the company.
The bid for the IPO would open on November 18 and close
on November 20, the company said.
Bureau Report
First Published: Monday, November 16, 2009, 15:33