BOMBAY STOCK EXCHANGE

-------------------------------------------------------------------------

ONLINE TRADING JUST GOT EASIER,

IMMEDIATE AND MORE VALUBLE

* E-broking

* Currency Derivatives

* PMS * Share Broking

* Commodity Broking

* Mutual Funds

* Insurance Destribution

* Depository Services * IPO

CONTACT : BRANCH OFFICE

RAIGARH CHHATTISGARH

Mobile : 9827909786

-------------------------------------------------------------------------

MUMBAI: Chiripal Industries Ltd has filed a draft red herring prospectus with Securities and Exchange Board of India for an initial public offering of 14,216,700 equity shares of Rs 10 each, at a price to be decided through 100 per cent book-building process.The issue comprises of a net issue to public of 12,100,000 shares of Rs 10 each, promoters' contribution of 1,916,700 shares of Rs 10 each and a reservation of up to 200,000 shares of Rs 10 each for employees. The net issue will constitute 34.57 per cent of the post issue paid up capital.The shares will be listed on Bombay Stock Exchange and National Stock Exchange.The company is also considering a pre-IPO placement. If the placement is completed, the net issue to the public would be reduced to the extent of the share placement.The company has appointed IDBI Capital Market Services as a book running lead manager.Chiripal Industries, the flagship of Ahmedabad based Chiripal Group, has presence in the textile chain right from man...