Euro Multivision sets price band of Rs 70-75 per share

For its proposed initial public offering of 88 lakh shares

Euro Multivision has set a price band of Rs 70-75 per share for its proposed initial public offering (IPO) of 88 lakh shares, a newspaper advertisement showed today, 15 September 2009. The equity shares would comprise 36.97% of post issue paid up capital.

The issue will open on 22 September 2009 and close on 24 September 2009.

The IPO has been rated '3' by Credit Analysis and Research (CARE), indicating average fundamentals.

The equity shares would be trading on both the NSE or the National Stock Exchange as well as the BSE or the Bombay Stock Exchange.

Euro Multi Vision is mainly into manufacturing of Compact Disc Recordables (CDRs) as well as Digital Versatile Disc Recordables or DVDRs.