Business Daily from THE HINDU group of publications
Wednesday, Oct 10, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 10, 2007 ePaper |
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Markets
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IPOs Our Bureau Mumbai, Oct. 9 Shriram EPC Ltd has filed its draft red herring prospectus with the SEBI to enter the capital market with an initial public offering of 50 lakh equity shares. The company, an associate of Chennai-based Shriram Group, focuses on providing integrated turnkey solutions for renewable energy projects (including bio-mass based power plants and bio-ethanol production plants), process and metallurgy plants (including thermal power plants), water and wastewater treatment plants, water and water sewer infrastructure and pipe rehabilitation. The WTG (wind turbine generator) business has been focused on developing, manufacturing, erecting and commissioning 250 KW WTGs. The company is also involved in process and metallurgical plants and municipal services sector projects throughout the country . Shriram EPC proposes to issue 50 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process. The issue will constitute 11.66 per cent of the fully diluted post-issue paid-up capital of the company. The company plans to primarily invest the proceeds of the issue in its subsidiary and associate companies and fund purchases of plant and equipment for pipe rehabilitation projects. The equity shares will be listed on the National Stock Exchange and the Bombay Stock Exchange. More Stories on : IPOs | Non-conventional Energy
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