praveen
09-01-2008, 09:12 AM
J Kumar Infraprojects has fixed the price band of its initial public offering of 65,00,000 equity shares at Rs 110-120 per share.
At the lower end of the price band the company would raise Rs 71.50 crore and at the upper end it would garner Rs 78 crore.
The proceeds from issue are intended to be deployed for the purchase of capital equipments and for funding working capital requirements.
Net issue will constitute 30.40 per cent of the fully diluted post issue paid-up capital.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways.
It deals in transportation, engineering, civil construction, irrigation projects and piling work using hydraulic piling rigs. The company also undertakes the design and construction of flyover projects to the client's specified requirements on turnkey basis.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
At the lower end of the price band the company would raise Rs 71.50 crore and at the upper end it would garner Rs 78 crore.
The proceeds from issue are intended to be deployed for the purchase of capital equipments and for funding working capital requirements.
Net issue will constitute 30.40 per cent of the fully diluted post issue paid-up capital.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways.
It deals in transportation, engineering, civil construction, irrigation projects and piling work using hydraulic piling rigs. The company also undertakes the design and construction of flyover projects to the client's specified requirements on turnkey basis.
The shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.