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Monday, September 26, 2011

Indo Thai Securities, a stock broking firm, is coming up with an IPO of 40,00,000 Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription between September 30, 2011 and October 5, 2011

Company intends to spend IPO money for expansion and upgradation of existing branches and setting up branch network (with an outlay of Rs 2 crore), purchasing of office space for Mumbai regional office (with cost of Rs 4 crore), purchasing and setting up of office space for corporate office (with Rs 4 crore), brand building and advertising (Rs 3 crore) and augmenting long term working capital requirement (Rs 10 crore). The Equity Shares of the company are proposed to be listed on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Check back Indian IPO Blog frequently for the latest updates on Indo Thai Securities IPO!


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