20 Microns will list on the bourses with its equity shares on October 6, 2008. The isssue price has been fixed at Rs 55 per share. The public issue of 43,50,632 equity shares of Rs 10 each was subscribed 4.29 times.
The company intended to utilize the proceeds of the fresh issue in the IPO towards the current ongoing expansion plans of the manufacturing capacities at various locations, invest in the sub-micron particle sizes required by end-market and general corporate purposes.
Source: Moneycontrol.com
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