The issue is slated to open on July 4, 2005 and close on July 8, IL&FS Investsmart said in Mumbai.
The IPO of 1.14 crore shares would comprise of a fresh issue of 88 lakh shares and the balance 26 lakh shares would be by way of an 'Offer for Sale', the release said.
The company would list the equity shares of the National Stock Exchange and the Bombay Stock Exchange. The post-issue paid-up capital of IL&FS Investsmart would be Rs 43.8 crore (Rs 438 million), it said.
Out of the total issue of 1.14 crore shares, 11.4 lakh shares are reserved for employees. The balance net offer to the public would constitute 23.42 per cent of the fully diluted post issue paid up capital of the company, it said.
SBI Capital Markets Ltd, Enam Financial Consultants Pvt Ltd and Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue while Karvy Computershare Pvt Ltd is the Registrar to the issue, it added.
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