Date:06/09/2008 URL: http://www.thehindu.com/2008/09/06/stories/2008090659962100.htm

Business - Briefly

20 Microns IPO opens on September 8

CHENNAI: The Vadodara-based 20 Microns, a leader in the micronised minerals, is entering the capital market on September 8 with its initial public offering of 43.51 lakh equity shares of Rs. 10 each for cash at a price to be decided through a 100 per cent book-building process. The issue consists of a fresh issue of 16.75 lakh equity shares and an offer for sale of 26.75 lakh equity shares by Gujarat Venture Capital Fund 1995. The products of the company consist of natural calcium carbonate, china clay, talc, dolomite, silica, mica, iron oxide and barites. The price band has been fixed at Rs. 50-55. — Corporate Reporter