The IPO of KSK Energy Ventures was subscribed 0.94 times on Monady i.e the on first day of the issue. The issue received 3,26,91,925 bids against the issue of 3,46,11,000. Out of this10,975 bids were received at the cut off price. The price band for the issue is Rs240-255 per share. This issue is the 10% of the post issue share capital.
The company will be investing part of the funds in Wardha Power Company to finance the equity component of the 1800 mw coal based thermal power plant at Chattisgarh.
Tuesday, June 24, 2008
KSK Energy Ventures IPO Received Good Response - June24 , 2008
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