Indosolar IPO | Indosolar IPO Sep 13 | Indosolar band Rs 29-32/share
Indosolar Ltd will tap the capital market with a public issue of Rs 357 crore. The IPO price band has been fixed between Rs 29 and Rs 32 per share of face value Rs 10 each. The issue opens on September 13 and closes on September 15.
The issue is being made through the 100% Book Building Process wherein at least 50 per cent of the issue will be allocated to Qualified Institutional Buyers, including 30 per cent to anchor investors. Around 35 per cent of the issue will be available to retail investors.
The shares will be listed on the Bombay Stock Exchange and National Stock Exchange.
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 company has two SPV cell manufacturing lines having an aggregate annual manufacturing capacity of 160 MW. It plans to increase annual manufacturing capacity to 260 MW by 2011, with one additional manufacturing line of annual manufacturing capacity of 100 MW.
Indosolar has entered into arrangements with Schmid Technology Systems GmbH, one of the operators in SPV cell manufacturing technology and a vertically integrated player in the SPV cell industry, for delivery, installation and commissioning of the plant and machinery at its facility, on a turnkey basis.

source From : http://chpraveenkumar143.blogspot.com/2010/09/indosolar-ipo-sep-13indosolar-band-rs.html