RPP Infra Projects IPO : Listing on 6th Dec 2010

by khalid on 04/12/2010 · 0 comments

RPP Infra Projects Limited has informed the share market (BSE) that the shares of its recent IPO will list on 6th Dec 2010. The IPO was open between 18th Nov 2010 to 22nd Nov 2010. The price band was Rs 68 to Rs 75 and the Issue Price was fixed at the upper level of price band, Rs 75 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs Rs. 48.75 Crore. 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.

IPO Listing Detail :-
Listing Date: 6th Dec 2010
BSE Scrip Code : 533284
NSE Symbol : RPPINFRA
Listing In : ‘B’ Group of Securities
ISIN : INE324L01013
Issue Price : Rs. 75.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used to fund margin requirement for working capital, capital expenditure, invest in SPVs for BOT projects, general corporate expenses and issue related expenses.

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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