• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Jan. 18 KNR Constructions Ltd, an infrastructure projects development company, will enter the capital markets with an IPO of 78-lakh equity shares of Rs 10 each at a price to be decided through a 100 per cent book-building process.

The issue will open on January 24 and will close on January 29.

The price band for the issue is fixed between Rs 170 and Rs 180. The issue will comprise a net issue to public of 77 lakh equity shares and a reservation to eligible employees of up to 1.40 lakh shares.

The shares are proposed to be listed on both the BSE and the NSE.

Of the total equity float, up to 50 per cent will be allocated on a proportionate basis to Qualified Institutional Buyers, 35 per cent will be allocated to Retail Individuals and 15 per cent to Non-Institutional Investors.

The proceeds of the issue will be used to further equity investments in BOT projects and contributions towards the unsecured loan portion in the BOT Projects.

The issue proceeds will also be used for purchase of capital equipment and for meeting working capital requirements.

More Stories on : IPOs | Real Estate & Construction

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Motilal Oswal raises $125-m for new fund

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line