RPP Infra IPO : Files DRHP With SEBI

by khalid on 06/06/2010 · 0 comments

RR Infra Projects Ltd was earlier known as RPP Constructions Pvt. Ltd. It is engaged in infrastructure development such as highways, roads and bridges mainly in states of Kanataka, Andhara Pradesh, Tamil Nadu and the Union Territory of Andaman and Nicobar Islands. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI on 1st June 2010 to float its IPO. The company wants to raise money from primary market with an IPO of 65 lakh equity shares of face value Rs 10, with a premium decided by the 100% book building process.

The company want to raise money from primary market with this IPO for funding its working capital requirements, capex, investments in SPVs for BOT projects and issue related expenses. Also the other main purpose for the issue is to enhance its brand equity which would help the company to raise more funds in future from banks, financial intermediaries and others for future growth prospects.

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 manager to the issue is VC Corporate Advisors.

Registrar to the issue is Cameo Corporate Services Limited.

Mr. P. Arul Sundaram and Ms. A. Nithya are the promoters of the company.

Transaction Reference: DRHP

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