SIS IPO to hit bourses today

The Security and Intelligence Services (India) Limited is eyeing to raise Rs 3,622.50 million through initial public offering (IPO) to be opened on July 31.

The IPO, which will be closed on August 2, offers equity shares of Rs. 10. The price band of the offer is fixed from Rs. 805 to Rs. 815 per equity share. Bids can be made for a minimum of 18 equity shares and in multiplies of 18 equity shares thereafter.

The Offer is being made through the Book Building Process in accordance with Regulation 26(2) of the Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2009.

SIS