Avantha Power & Infrastructure IPO : Opening on 11th Oct 2010

by khalid on 22/08/2010 · 0 comments

Avantha Power & Infrastructure Ltd is a Gautam Thapar promoted Avantha Group company. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 1250 crore. The IPO is opening on 11th Oct 2010 and the shares will be available for subscription up to –th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has not been fixed yet. The company is also considering a Pre-IPO Placement of up to 65,000,000 equity shares and/or aggregating up to Rs 300 crore with certain investors.

Promoters of the company are Mr. Gautam Thapar and Crompton Greaves, BILT, BPHL, SICL, SFSL and AHL.

The proceeds of this IPO will be used to partly finance the cost of construction and development of Chhattisgarh Power Project Phase I and Madhya Pradesh Power Project Phase I. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 11th Oct 2010 – th Aug 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : ——- Equity Shares of Rs 10 each
Issue Size : Rs. 1250 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. – Rs. Per Equity Share
Market Lot : Shares
Minimum Order Quantity : Shares
Listing At : BSE, NSE

Book running lead managers to the issue are Enam Securities, Kotak Mahindra, Citigroup and Axis Bank.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

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