Tuesday, December 11, 2007

Edelweiss to list on Dec. 12

Shares of Mumbai-based financial services provider Edelweiss Capital will list on the Dec. 12, 2007.

The company`s initial public offering (IPO) received overwhelming response and had subscribed about 111 times.

Edelweiss had put on the block 8,386,147 equity shares of Rs 5 each, comprising of 11.19% of the post issue paid-up capital of the company.

The IPO opened on Nov. 15, 2007 and closed on Nov. 20, 2007. The company had fixed the issue price at Rs 825 a share.

Edelweiss is a company is predominantly engaged in institutional equities broking, investment banking and proprietary arbitrage trading activities.

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