Monday, September 20, 2010

VA Tech Wabag sets IPO price band at Rs 1,230-1,310/share


Source ; BS :Reuters / Mumbai September 20, 2010, 11:55 IST



VA Tech Wabag, a player in water treatment industry, has fixed a price band of Rs 1,230-1,310 a share for its Rs 472 crore initial public offer, two bankers advising the deal said on Monday.


The offer opens on Wednesday and closes on Friday, they said, adding that the book for anchor investors will open on Tuesday. Bidding for retail investors will be extended for one more day, closing on Sept 27.


The book running lead managers to the issue are Enam Securities and IDFC Deutsche Equities (India)

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