It came out with an initial public offering (IPO) of 88 lakh equity shares during September 22-24, 2009. The company fixed the issue price at Rs 75 per share which was subscribed 1.81 times. The company raised Rs 66 crore via this issue.
Promoters' shareholding has been reduced to 51.12% from 81.11% post the issue. Euro Multivision is the second largest company among few companies that are into manufacturing of CDRs and DVDRs (Source: Optical Disk Manufacturers Welfare Association). The other companies in the existing business are MoserBaer, Jupitar Innovations, Optek Disc manufacturing and Lizer Technologies etc. It is a part of EURO group which was promoted by Shri Nenshi Shah. |
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Euro Multivision, manufacturer of compact disc recordables (CDRs) and digital versatile disc recordables (DVDRs), will list its equity shares issued via public issue on the exchanges on October 15, 2009.
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