Capacit’e Infraprojects gets SEBI approval for IPO
DSIJ Intelligence / 14 Jun 2017
Capacit’e Infraprojects Ltd has received on June 13, 2017 the approval from Securities and Exchange Board of India (SEBI) for an initial public offer (IPO) of shares.
Capacit’e Infraprojects Ltd has received on June 13, 2017 the approval from Securities and Exchange Board of India (SEBI) for an initial public offer (IPO) of shares.
On April 17, 2017, the Mumbai-based construction company had filed its draft red herring prospectus (DRHP) for an IPO.
The company plans to raise Rs 400 crore through the fresh issue of shares with face value of Rs 10 each, while the price band is not decided yet. The net proceeds from the IPO will be utilised for meeting working capital requirements, purchase of capital assets and for other corporate purposes.
The book running lead managers of Capacit’e Infraprojects are Axis Capital, IIFL Holdings and Vivro Financial Services. Karvy Computershare is the registrar to the issue
Capacit’e Infraprojects Ltd undertakes construction of residential, commercial and institutional buildings. The company's consolidated revenue has grown from Rs 2,142.59 million in FY2014 to Rs 8,532.90 million in FY2016.
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