IPO Updates: Prakash Constrowell IPO on 19th September

by khalid on 15/09/2011 · 0 comments

Looking for options to invest in a IPO in the recent times?

 So here comes the IPO update on a fresh offer by a construction company named Prakash Constrowell Limited. The primary business of the company is infrastructure and civil construction. The price band has been fixed at Rs.130 to Rs 138 per equity share which has a face value of Rs.10 each. The bid lot size is 50 equity shares and the total shares offered for the issue is worth Rs.60 crores. The issue opens on Monday 1th September 2011 and the issue close date has been fixed on 21st September 2011.


 It is a 100% book building issue and has been graded by CARE IPO GRADE 2 which has indicated the fundamentals to be below average. The proposed listing of the equity share is both on the Bombay Stock Exchange as well as the National Stock Exchange.

 Company in Brief:

Prakash Constrowell laid the stepping stone on January 4, 1996. The company is promoted by

  • Mr. Prakash P. Laddha
  • Mrs. Aruna P. Laddha.
  • Mr. Prakash P. Laddha
  • Mr. Krishnan G. Trichur, Managing Director

All the above personalities have decades of experience in the respective field. The company is currently operating in three construction segments i.e. Civil construction, Residential and Commercial Real Estate Construction and Infrastructure development.

The proceeds of the IPO has been initiated to be utilised to meet the working capital requirements of the company  besides usage in further investment of construction equipments as well as investment in subsidiaries. It would also be utilised gor meeting general corporate purposes along with the public issue expenses.

 

 

Bell The Bull says: Construction a nice sector to look at, Prakash Constrowell given its price band and business profile could be a nice option to look at

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