KSK Energy Ventures Ltd's IPO opens on June 23

Hyderabad, Jun 21 (UNI) KSK Energy Ventures Limited, a company developing and operating power plants, will enter the capital market with a public issue of 3,46,11,000 equity shares of Rs 10 each through 100% book-building process.

The price band has been fixed at Rs 240 to Rs 255 per equity share of Rs 10 each. The issue opens on June 23 and closes on June 25, 2008. The issue will constitute 10% of the post-issue equity share capital of the company, according to a press release here.

The equity shares are proposed to be listed on the BSE and the NSE. Fitch Ratings India Pvt Ltd has assigned a grade of 3 out of a maximum of 5 for the issue. Kotak Mahindra Capital Company Ltd, IDFC-SSKI Pvt Ltd, Morgan Stanley India Company Pvt Ltd, Lehman Brothers Securities Pvt Ltd and Edelweiss Capital Ltd are the BRLMs for the issue and Axis Bank Ltd is the co-BRLM for the issue.

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