First Winner Industries Limited (FWIL) has fixed the Issue price at Rs 125 per equity share for its initial public offer (IPO) of 55,00,000 Equity Shares of Rs 10 each  at a price determined through 100% Book-Building process.

FWIL is engaged in the manufacture of grey fabrics and in supplying textile fabrics to various wholesalers, apparel and garment manufacturers,

The issue which closed on June 17, 2008, was subscribed 1.26 times. The IPO has received total bids for 69,20,900 shares.

The issue comprises a Net Issue of 54,00,000 Equity Shares and an Employee Reservation portion of 100,000 Equity Shares. The issue constitutes 31.04% of the post-issue capital of the Company.

The Equity Shares are proposed to be listed on Bombay Stock Exchange (“BSE”) and National Stock Exchange of India (“NSE”).

Almondz Global Securities Limited is the sole Book Running Lead Manager (“BRLM”) to the issue.