RPP Infra Projects IPO : Fitch gives 2 out of 5

by khalid on 25/11/2010 · 0 comments

RPP Infra Projects Limited IPO has got 2 out of 5 by Fitch (rating agency) and this rating/grading is Below Average for a infrastructure development company. The grade 2 indicates that the fundamentals of the IPO are Below Average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of 6,500,000 Equity Shares of Rs 10 each. The IPO is opening on 18th Nov 2010 and the shares will be available for subscription up to 22nd Nov 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 68 – Rs. 75 Per Equity Share. South based construction company RPP Infra Projects Limited is in the business of infrastructure development such as Highways, Roads and Bridges. Company is also involve in civil work like SEZ Development, Water Management projects, Irrigation and Power Projects.

Issue Detail:-
Issue Open : 18th Nov 2010 – 22nd Nov 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 6,500,000 Equity Shares of Rs 10 each
Issue Size : Rs. 44.20 – 48.75 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 68 – Rs. 75 Per Equity Share
Minimum Bid Quantity : 80 Shares (Rs. 6000 with 1 Lot)
Maximum Bid Quantity : 2640 Shares (Rs. 198000 with 33 Lot)
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

The sole book running lead manager to the issue is VC Corporate Advisors Pvt Limited.

Registrar of the Issue : Cameo Corporate Services Limited Chennai.

Stay tuned to BelltheBull Blog for more on RPP Infra Projects IPO !

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