Globus Spirits has Postponed the IPO
One more victim in the primary market. This alcohol beverage company Globus Spirits has postponed its public issue
that was scheduled to open on February 19 and close on February 22, 2008.
This is the fourth victim of bad market conditions. Biggest and well known brands in markets like Emaar MGF and Wockhardt Hospitals have already withdrawn their public offers in last week despite lowering price band and extending issue period. SVEC constructions also has withdrawn the IPO as this issue got subscribed just 0.24 times till now.
Globus Spirits had come out with public issue aggregating to Rs 68 crore through the book building route. The price band was Rs 135-148 per share.
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