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October 14, 2007

Dhanus Technologies fixes issue price at Rs. 295

Dhanus Technologies, a rapidly growing telecom service provider company, has fixed the issue price at Rs 295 per equity share of Rs 10 each.

The company had entered the capital market with IPO (Iniital Public Offer) which was 100% Book Built Issue and issue price was Rs. 280/- to Rs. 295/- Per Equity Share.

Subsequent to the successful closure of IPO, on directions from SEBI, the company came out with a public notice along with individual intimations to all applicants giving the bidders an option to withdraw their bids if they so desired. At the end of this option, the issue still remains comfortably subscribed by 14.47 times (QIB 13.96, HNI 24.06, Retail 14.77 & Employees 1.03 times).

Now the company has fixed issue price at higher end of the issue priced. So much for the faithfuls.

The equity shares are proposed to be listed on both BSE and NSE.

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