Friday, September 29, 2006

Global Vectra Helicorp IPO opens for subscription

Global Vectra Helicorp, one of the largest dedicated offshore transportation services helicopter company, is open for subscription with its initial public offer, IPO of 35,00,000 equity shares of Rs 10 each for cash at a premium to be decided through the book-building process.
The company has fixed the price band for the issue between Rs 175 and Rs 200 per equity share of Rs 10 each. The issue will close on October 6, 2006.
Of the total offer, the company will be issuing 28,00,000 fresh equity shares and the balance 7,00,000 equity shares are an offer for sale by an existing investor, Azal Azerbaijan Aviation Limited. The issue constitutes 25% of the fully diluted post issue equity capital.
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