NKG Infrastructure IPO : Files DRHP With SEBI

by khalid on 14/07/2010 · 0 comments

NKG Infrastructure is a Construction Company, with expertise in the execution and construction of infrastructure projects, primarily roads, bridges and civil construction projects, including residential and commercial building, hospitals and medical colleges. Its business includes executing projects relating to the electric transmission and distribution infrastructure, civil works for hydro projects and sewer and water works. 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 63,00,000 equity shares of face value Rs 10 each, with a premium decided by the 100% book building process.

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 equipments, for meeting its working capital requirements ,funding its pre payment and repayment of portion of debt availed by the company and for the general corporate purposes.

Book Running Lead Managers (BRLMs) to the offer are Enam Securities, SBI capital Markets and Karvy Computershare is the registrar.

Stay tuned to BelltheBull Blog for more on NKG Infrastructure IPO!

Source : BelltheBull

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