Jain Infraprojects IPO : Files DRHP With SEBI

by khalid on 17/07/2010 · 0 comments

Jain Infraprojects is an integrated construction and infrastructure development company providing engineering, procurement and construction services in India. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to float its Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of —- equity shares of face value Rs 10 each, with a premium decided by the 100% book building process. The issue size will be Rs Rs 300 crore .

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The objects of the fresh issue :- The money raised from this IPO will be utilize by the company for investing in capital equipment; meeting working capital requirement and funding expenditure for general corporate purposes.

Book Running Lead Managers (BRLMs) to the offer are IDBI Capital Market Services, SBI Capital Market, Keynote Corporate Services and Karvy Computershare is the registrar.

Stay tuned to BelltheBull Blog for more on Jain Infraprojects IPO!

Source : BelltheBull

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