Thomas Cook has fixed a price band of Rs 50.50-53.50 for its institutional placement programme, which will open for subscription on May 3. The company, in order to comply with SEBI’s minimum public shareholding norm of 25%, plans to allot up to over 3.43 crore shares to institutional investors.
The company plans to utilize the IPO proceeds for strategic relationships and investments, repayment of loans to improve its leveraging strength, acquisitions, capital expenditure and working capital. Meanwhile, ICICI Securities and IIFL are the book running lead managers to the issue.
Thomas Cook is the largest integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.
Company Name | CMP |
---|---|
Transcorp Intl. | 37.67 |
Thomas Cook (India) | 208.45 |
Easy Trip Planners | 44.39 |
Intl Travel House | 664.05 |
Yatra Online | 137.95 |
View more.. |