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NCML Industries extends IPO for five working days

05 Jan 2015 Evaluate

NCML Industries has extended its initial public offering (IPO) for five working days and will now close on January 9, 2015. Accordingly, the price band has been revised to Rs 80 to Rs 90 from the existing price band of Rs 100 to Rs 120.

The equity shares are proposed to be listed on BSE and NSE. BSE shall be the designated stock exchange for the purpose of this offer. The issue has been graded by ICRA and has been assigned the 'IPO grading 3'.

The objects of the offer are to carry out the sale of 60,00,000 equity shares by the selling shareholders and to achieve the benefits of listing the equity shares on the stock exchanges.

The company is one of the leading edible oil importing, manufacturing and marketing Companies of India with international presence, dealing in various edible oils such as Soya bean oil, Cottonseed oil, Palm oil (Palmolein), and Mustard oil, Rapeseed Oil etc.

 

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