An Initial Public Offer (IPO) by C Mahendra Exports opened today and will run upto January 6, 2011. The IPO will be 15,000,000 Equity Shares of ` 10/- each, which are proposed to be listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. %% The company is an integrated diamond and diamond jewellery company. It plans to deploy the finds raised through the IPO for setting up of a diamond processing unit at Gujarat, a jewellery manufacturing unit at Mumbai, retail outlets and financing its brand development expenses. %% The Price Band of the Issue has been fixed at `95/- to ` 110/- per equity share. The Issue will be made through a 100 percent book building process and will constitute 25 percent of the fully diluted post issue paid-up equity share capital of the company. At least 50 percent of the Issue shall be allocated to Qualified Institutional Buyers, not less than 35 percent for allocation on a proportionate basis to Retail Individual Bidders and not less than 15 percent for allocation on a proportionate basis to Non Institutional Bidders. %% YES Bank Limited and Anand Rathi Advisors Limited are the Book Running Lead Managers to the Issue while Link In time India Private Limited is the Registrar to the Issue.