SKIL Infrastructure IPO (Initial Public Offering) : Files DRHP with SEBI

by khalid on 09/06/2011 · 0 comments

Mumbai based SKIL Infrastructure Limited is entering into primary market with an Initial Public Offering (IPO) of —- Equity Shares of Rs 10 each. The company has filed draft red herring prospectus (DRHP) papers with market regulator Securities and Exchange Board of India (SEBI) for the same. The company is likely to raise around Rs 1125 Crore through the issue. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has yet to be decided. The price band would be decided by the company later on. SKIL Infrastructure Limited is an infrastructure development company with interests in shipyard, special economic zones, free zones, logistics, port, education and defence sectors. It is also planning initiatives in the power sector through its subsidiaries.
Promoters of the company are Nikhil Gandhi, Bhavesh Gandhi and M/s Metropolitan Industries.



The proceeds of this fresh issue (Initial Public Offering) will be used to repay Rs.800 Crore debt, to invest or acquire business ventures (Rs.150 Cr) and for other corporate purposes.

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

IPO Summary :-
IPO Open : –
IPO Type : 100% Book Built Issue IPO
IPO Size : —– Equity Shares of Rs 10 each
IPO Size : Rs 1125 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs – Rs Per Equity Share
Minimum Bid Quantity : Shares (Rs. with 1 Lot) @ upper level of price band
Maximum Bid Quantity : Shares (Rs. with Lots ) @ upper level of price band
Listing At : BSE, NSE

The Book running lead managers (BRLM) to the issue are Edelweiss Capital, JM Financial Consultants, Nomura Financial Advisory, ICICI Securities, SBI Capital Markets, SMC Capitals, IDBI Capital Market.

Registrar of the Issue : Link Intime India Private Limited, Mumbai

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

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