Prabhudas Lilladher has come out with report on Edelweiss Capital IPO. The brokerage firm expects company’s earnings will grow significantly from the current levels, so advised to subscribe the issue.
Edelweiss Capital, a diversified financial services company, is entering the capital market with its initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash, at a price to be decided through a 100% book building process.
The issue will open on November 15, 2007, and will close on November 20, 2007. The price band has been fixed between Rs 725 and Rs 825 per equity share of face value Rs 5.
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