Ramky Infra IPO : files DRHP with SEBI

by khalid on 04/04/2010 · 1 comment

Ramky Infrastructure is a Hyderabad-based diversified infrastructure and waste management solutions provider. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to float its maiden IPO. The company wants to raise money from primary market with an IPO of Rs 530 crores through the equity shares of face value Rs 10, with a premium decided by the 100% book building process. The company expect to come up with the book building process by June.

The IPO is aimed at diluting part of the promoters’ holdings and also part of some of the investors such as the IL&FS, which owns up to 5.5% of the company equity. Of the Rs 530 crore, the primary issue will amount to Rs 350 crore and the secondary share issue Rs 180 crore.

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

Book running lead managers to the issue are Enam Securities and Deutsche Equities.

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