Markets
-
IPOs
J. Kumar Infra IPO price band at Rs 110-120
Our Bureau
Mumbai, Jan. 16 J. Kumar Infraprojects Ltd, a civil engineering and infrastructure development company, proposes to enter the capital market with an initial public offering of 65-lakh equity shares of Rs 10 each for cash.
The issue, which is being made through a 100 per cent book building process, opens on January 18 and closes on January 23. The price band has been fixed at Rs 110-Rs 120.
Capital Equipments
The issue comprises a net issue to the public of 63-lakh equity shares and there is a reservation of up to two-lakh shares for eligible employees of the company.
The issue will constitute 31.36 per cent and the net issue will constitute 30.40 per cent respectively of the fully diluted post issue paid-up capital of the company. The equity shares are proposed to be listed on the BSE and the NSE.
The company plans to raise Rs 71.5-Rs 78 crore in order to fund purchase of capital equipments and for working capital requirements
“We have a cost advantage as most of our resources are concentrated within Maharashtra State and this would help the company utilise its resources in the most optimum manner. Also, the business mix of the company is diversified across all segments of infrastructure and this would help diversify business risk,” said Mr Nalin Gupta, Executive Director, J. Kumar Infraprojects Ltd.
The book running lead manager to the issue is Anand Rathi Securities Ltd.
More Stories on :
Real Estate & Construction |
IPOs
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
