Keynote Capitals has come out with report on Shriram EPC IPO. The firm has recommended subscribing to the issue with a long term view.
Shriram EPC, one of the leading service providers of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal services sector projects throughout India and one of India's leading 250 KW wind turbine generator manufacturers, has opened for subscription with its initial public offering (IPO) of 5,000,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
The price band is between Rs 290 and Rs 330 per equity share. The issue will close for subscription on February 1, 2008.
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