The initial public offering of shares in Agria Group Holding will start on November 28 at the earliest, a publication in the Official Gazette reads. Investors will be able to place their orders over a three-day period. The company will offer a total of 1.7m new shares. The shares will be offered through a book-building method, while their value will range between BGN 9 and BGN 13 apiece. Agria's market capitalisation will range between BGN 61.2m and BGN 88.4m, if the entire issue gets subscribed. The company will use the proceedings from the IPO to set up a biofuels production facility and for other investments. Agria is involved in the agricultural business, processing and food industries. The company forecasts BGN 48.75m consolidated sales and BGN 1.76m net profit for 2007. Agria's equity capital is expected to total BGN 35.67m as at December 31, 2007.