MindTree Consulting fixed price band for IPO at Rs 365 to Rs 425

Mumbai, Feb 1 (UNI) MindTree Consulting Ltd, an international IT and R&D Services company, has fixed the price band for its initial public offering (IPO) at Rs 365 to Rs 425 per equity share through 100 per cent book-building process.

Announcing this at a news conference here today, MindTree Consulting chairman a nd managing director Ashok Soota said the issue would constitute 15 per cent of the post-issue capital for the company.

It has proposed to offer 5,593,300 equity shares of Rs 10 each and the issue would open on February 9 and close on February 14.

Kotak Mahindra Capital and J M Morgan Stanley are the Book Running Lead Managers to the issue, while J P Morgan India is the Book unning Lead Manager and Macquarie India Advisory Services is a lead manager.

UNI