Stocks

REPL raises Rs 19 cr via IPO; shares listed on NSE-Emerge

PTI New Delhi | Updated on July 13, 2018 Published on July 13, 2018

Infrastructure consultant REPL has raised nearly Rs 19 crore through its initial public offering and the amount will be utilised to execute various contracts.

The company, which has bagged a consultancy work for four smart city projects, issued 45,69,000 shares at Rs 41 each. The issue, which opened on June 29 and closed on July 5, was fully subscribed. The shares got listed today on the Emerge platform of the National Stock Exchange.

“We have raised Rs 18.73 crore from our IPO. The amount will be utilised to execute various projects we have bagged under the smart city and Pradhan Mantri Awaas Yojana,” REPL CMD Pradeep Misra told reporters here.

Promoters have diluted 26 per cent stake in the company through the public issue. Misra said the company has an order book of more than Rs 210 crore.

“IPO funds will help us further expand our footprint across new infrastructure domains and new geographies,” he added.

Published on July 13, 2018
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