NCML Industries IPO to open on Dec 29 (tomorrow)

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NCML Industries plans to hit the capital markets on December 29 with an offer for sale of 60 lakh equity shares through an initial public offer (IPO). The issue would open for subscription on December 29, 2014 and close on January 2, 2015, the company said in a statement. NCML Industries plans to enter the capital markets by selling 60 lakh equity shares through its IPO. The price band has been fixed at Rs 100 to Rs 120 per equity share of Rs 10 each. The company is into the business of importing, manufacturing and marketing of edible oil in India with international presence. Corporate Strategic Allianz Ltd is the book running lead manager to the issue. The equity shares are proposed to be listed on BSE and National Stock Exchange (NSE).