Cox and Kings (India), provider of all travel and travel related products, will launch its IPO (initial public offering) of 18,496,640 equity shares of Rs 10 each on November 18, 2009. The price band has fixed at Rs 316-330/share and the issue will close for subscription on November 20, 2009.

Cox & Kings (India), established in India in 1939, is one of the longest running travel companies in the world with presence in UK, Australia, New Zealand, Japan, US, UAE and Singapore through its subsidiaries.

C&K basically operates in three main verticals/product lines - leisure, corporate travel and forex. It offers products like MICE (meetings, incentives, conferences and exhibitions), FITs (free individual travellers), Groups and Trade Fairs across all the verticals.

The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.

CARE has assigned a "CARE IPO GRADE 4" to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.