VOL IPO: Subscribe, says Arrenga Capital

Tuesday, 21 June 2011 00:07 - - {{hitsCtrl.values.hits}}

Vallibel One Limited’s (VOL) Initial Public Offer (IPO) will be starting today. A total of 21.3 million shares will be on offer at Rs. 25. The company is expecting to raise Rs. 532.8 million. Arrenga Capital in its evaluation report has recommended investors to subscribe to the issue. Following is the Arrenga Capital report:

VALLIBEL One Limited (VOL), after a successful private placement of 196 m shares in January 2011, has announced its Initial Public Offer of 21.3 m shares at an offer price of Rs. 25.0 expecting to raise Rs. 532.8 m.