House Of Pearl - Outcome Of IPO Committee Meeting

House of Pearl Fashions Ltd has informed that IPO Committee of the Board of Directors of the Company at its meeting held on March 21, 2007, has allotted 4,29,906 equity shares of Rs 10/- each at issue price of Rs 550/- per share under Green Shoe Option to Stabilizing Agent as per Company Prospectus dated January 29, 2007.Further, JM Morgan Stanley Pvt Ltd, Stabilizing Agent of the Company, has purchased 1,82,154 equity shares of the Company from the market.Out of 1,82,154 equity shares purchased by JM Morgan Stanley Pvt Ltd, delivery for 1,81,848 equity shares has been received by Stabilizing Agent and delivery for 306 equity shares is still awaited by the Stabilizing Agent.