C Mahendra Exports Set IPO Price

Diamond jewelryC Mahendra Exports Diamond jewelry player has set price bands of Rs 95 to 110 per share for its IPO (initial public offering) of 150 lakh equity stocks, according to firm’s advertising in Business Standard.

C Mahendra Exports IPO issue will available for subscription during Dec 31, 2010 and close on Jan 06, 2011. Bids can be done for just a minium of sixty equity shares as well as in multiples of 60 stocks after that.

The IPO proceeds will be utilized for establishing diamonds processing unit at Gujarat-Hira-Bourse, SEZ, Surat, Ichchhapore; establishing a jewelry manufacturing facility at Mumbai; establishing retail shops; brand enhancement expenditures,

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