Subject: Upcoming IPO - Indosolar Limited
1. Upcoming IPO - Indosolar Limited
Indosolar Limited is entering in the capital markets with an initial public offering, IPO of Rs 357 crore. The price band for the issue has been fixed at Rs 29/- at lower level and Rs 32/- at upper level for equity share of Rs 10/-.
Indosolar Limited is a leading Indian manufacturer for photovoltaic cells. Indosolar manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect.
The issue opens on Sep 13, 2010, and closes for subscription on Sep 15, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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