Nelcast sets 195-219 rupees IPO price band

Newswire

MUMBAI, May 31 (Reuters) - Castings and components maker Nelcast Ltd. set a price band of 195-219 rupees each for its initial public offering of 4.35 million shares on Thursday. The IPO would raise 952.7 million rupees that would be used to increase capacity to 150,000 tonnes by September 2008 from 102,000 tonnes, it said in a statement. The issue would constitute 25 percent of the post-issue paid-up capital and would open on June 4 and close on June 8. Karvy Investor Services Ltd. and ...

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