Saturday, January 28, 2012

EVEREST INFRA ENERGY LIMITED IPO



September 1, 2010 by · Leave a Comment 

(Our Company was incorporated on November 2, 2006 as Everest Engineering House Private Limited under the provisions of the Companies Act, 1956. Our Company took
over the business of Everest Engineering House, a Proprietary Concern of Ms. Lichi Seth with effect from April 01, 2006. Later the status of our Company was changed
from private limited to public limited vide fresh certificate of incorporation dated August 26, 2009 and the name of our Company was changed to Everest Engineering House
Limited. The name of our Company was further changed to Everest Infra Energy Limited vide fresh certificate of incorporation dated
September 17, 2009. For further details please refer to the section “History and Certain Corporate Matters” beginning on page 99 of this Draft Red Herring Prospectus).

Registered Office: A- Sector, Naharlagun, Arunachal Pradesh – 791 110, India
Corporate Office: 45/1, Rafi Ahmed Kidwai Road, 2nd Floor, Kolkata- 700 016 India Tel: + 91-33- 30285458 Fax: + 91-33- 2229 0335
Contact Person: Mr. Mohan Jha, Compliance Officer
Website: www.everesteng.com, E-Mail: info@everesteng.com

In case of revision in the Price Band, the Bidding Period/Issue Period will be extended for three additional days after revision of the Price Band subject to the Bidding
Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding Period/Issue Period, if applicable, will be widely
disseminated by notification to Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”), by issuing a press release, and
also by indicating the change on the website of the Book Running Lead Manager and at the terminals of the Syndicate.
The Issue is being made through 100% Book Building Process wherein up to 50% of the Issue shall be available for allocation on a proportionate basis to QIBs.
However, up to 5% of the QIB Portion shall be available for allocation proportionately to mutual funds. Further not less than 35% of the Issue shall be available for
allocation on a proportionate basis to the Retail Individual Bidders and not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-
Institutional Bidders, subject to valid Bids being received at or above the Issue Price.

This being the first issue of Equity Shares of our Company, there has been no formal market for the Equity Shares of our Company. The face value of the shares
is Rs. 10 and the Floor Price is [] times of the face value and the Cap Price is [] times of the face value. The Price Band (determined by the Company in consultation
with the Book Running Lead Manager (“BRLM”) on the basis of assessment of market demand for the Equity Shares by way of book building) should not be taken
to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading
in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.

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