Cox and Kings IPO: Company files DRHP with SEBI
Cox and Kings (India), one of the oldest and most reputed travel organizations in India operating as a one-stop-shop for all travel related products, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market soon with an initial public offering (IPO) of 8,700,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
The issue comprises a net issue of 8,600,000 equity shares to the public and a reservation of up to 1,00,000 equity shares for permanent eligible employees. The issue would constitute 23.75% of the fully diluted post Issue paid up capital of the company and the net issue will constitute 23.48% of the fully diluted post issue paid-up capital of the company.
The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange. We will update you more about this IPO in forthcoming days, so stay tuned!
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Comments
Is that the reason why the erstwhile parent company’s share price shooting up every day? Tulip start hottel’s ?
R
IPO IS LIKLY TO GIVEVERYGOOD RETURNS HAVE STRONG FUNDAMENTALS. CAN BE RECOMMENDED.