Tara Health Foods Revises IPO Price on Bad Response
Tara Health Foods, a producer of edible oil and cattle/poultry feed, has extended the closing date for its one crore equity shares IPO, due to lukewarm response from investors. The issue, which was supposed to close on April 30, has been subscribed just 3% so far, as per data available on the NSE website.
The company has also revised the price band to Rs 175-185 per share from earlier of Rs 180-190. Now, the issue will be closed on May 5 instead of April 30, 2010.