Thursday, March 6, 2014

Rs. 838 m Alumex IPO snapped up

The Rs. 838 million Initial Public Offering (IPO) of Hayleys subsidiary Alumex Ltd. has been snapped up and closed on its official opening, which was yesterday.
The company offered 59.9 million ordinary voting shares at Rs. 14 each. Alumex is the 10th subsidiary of Hayleys Group to be listed via an IPO in 22 years.
Final subscription figures will be released shortly.