Birla Pacific Medspa sets IPO price band at Rs 10-11 sh
Yash Birla group company Birla Pacific Medspa has fixed price band of Rs 10-11 a share for its initial public offering of Rs 65.175 crore. The issue will be opened for subscription during June 20-23, 2011.
Company operates med spa centres under the brand name “EVOLVE”. A med spa or medical spa is a hybrid between a medical clinic and a day spa and operates under the supervision of medical doctor.
Issue proceeds are proposed to be used for the capital expenditure towards establishing 55 outlets of Evolve Medspa across various cities and places, with cost of Rs 49.50 crore; brand promotion with Rs 6 crore; and working capital requirements of Rs 70 lakh for running the above centres.
Bids can be made for minimum of 500 equity shares and in multiples of 500 shares thereafter.
This issue has been assigned the “IPO Grade 2” indicating below average fundamentals by M/s Brickworks Ratings India Pvt Ltd.
Arihant Capital Markets Ltd is the book running lead manager to the issue.
Running A Day Spa - News
“You can start with a spa at around $4900 and they go up to about $13, 000,” Farley said. A dad himself, he will be closed on Sunday to celebrate the day with his family, but said the sale is for all the spas in stock and the sale will run through June
Company operates med spa centres under the brand name “EVOLVE”. A med spa or medical spa is a hybrid between a medical clinic and a day spa and operates under the supervision of medical doctor. Issue proceeds are proposed to be used for the capital
HAMMONTON - Walk into the Pelle Day Spa, and it feels like you've just entered your grandmother's sitting room. A rose floral sofa and burgundy armchairs invite you to sit down and relax, candles spread soft light, and tea and baked goods are set out
The ship included a full casino and first-class floorshow that changed nightly, a spa, seven restaurants, shops, two pool decks and a basketball court and soccer court on top. Food, glorious food, was available around the clock.
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Running With Heels » WOODHOUSE DAY SPA: Spa-tacular
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For a simple cleansing manicure and pedicure or relaxing scalp message, this is the perfect place to spend the day.
Not going to Girls Spa Day. I am not happy and running a low grade temp.
RT : Just a note to mention that The Spa's Cliff lift is now back up and running after a ten day refurbishment & safety check.
Just a note to mention that The Spa's Cliff lift is now back up and running after a ten day refurbishment & safety check.
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Also we are running spa packages for this fathers day weekend.....dnt kno wut to get dad....treat him to a day of pampering jus for him!Running A Day Spa - Bookshelf
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