Vishwanath Projects IPO : Plans to raise Rs 32 crore

by khalid on 23/04/2011 · 0 comments

Hyderabad based Vishwanath Projects Limited already filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company is planning to enter the primary market with an Initial Public Offer (IPO) of Rs 32 crores. Vishwanath Projects Limited engages in the Design, Supply, Erection, Testing and Commissioning of Transformers and Switch gear Equipment along with associated materials and construction activities from Survey, Erection, Civil works/Foundation to stringing and commissioning of lines ,Sub-stations, High Voltage Distribution System(HVDS) works , besides procurement of various items such as Distribution and Power Transformers, conductors, Insulators, Poles, Hardware accessories etc.

Promoters of the company are Komaravelli shiva Kumar and Darapuneni Murali

Book running lead manager (BRLM) :Karvy Investor Services Limited, Hyderabad.

Registrar to the issue is Bigshare Services Private Limited, Mumbai.

Stay tuned to BelltheBull Blog for more news on Vishwanath Projects IPO !

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