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Edelweiss Capital's IPO opens on Nov 15
Mumbai, Oct 31 (UNI) Edelweiss Capital, a diversified financial service company, is entering the capital market on November 15 with its Initial Public Offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash at a price to be decided through a 100 per cent book building process.
The issue will close on November 20, 2007. The price band has been fixed between Rs 725 and Rs 825 per equity share of face value of Rs 5.
Company
Chairman
Ramesh
Shah
said,
''The
proceeds
of
the
issue
will
be
used,
inter
alia
towards
enhancement
of
margin
maintenance
with
stock
exchanges,
establishment
of
additional
offices
and
acquisition
of
office
infrastructure,
enhancement
of
existing
technological
capacity
and
loan
prepayment.''
Headquartered
in
Mumbai,
Edelweiss
Capital
provides
investment
banking
institutional
equities,
private
client
broking,
asset
management,
wealth
management,
insurance
broking
and
wholesale
financing
services
to
corporate,
institutional
and
high
net
worth
individual
clients.
It
operates
from
43
other
offices
in
19
Indian
cities,
he
informed
UNI
