Tulip IT Services which entered the capital market with a public issue of
90,00,000 equity shares of Rs 10 each for cash within a price band of Rs 100 to
120, has fixed the issue price at Rs 120. The issue, which opened on December 9
and closed on December 15, 2005, received an overwhelming response and was
oversubscribed by more than 25 times. Over 90% of the bids were received at the
top end of the price band at Rs120. The book running lead managers to the issues
were Karvy Investor Services and Yes Bank.
Tulip Fixes Share Price at Rs 120
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