R.P.P. Infra Projects, primarily engaged in the business of infrastructure development such as highways, roads and bridges, proposes to enter the capital markets on Nov. 18, 2010 with a public issue of 65,00,000 equity shares of Rs 10 each through a 100% book building process. The issue comprises of a fresh issue of 61,00,000 equity shares by R.P.P. Infra Projects and an offer for sale of 4,00,000 equity shares by the promoters. The price band has been fixed at Rs 68 to Rs 75 for equity shares of Rs 10 each. The Issue closes on Nov.22, 2010.
After allowing for reservation of 4,00,000 equity shares for eligible employees, the net issue to the public will be 61,00,000 equity shares. The Issue will constitute 28.76% of the post issue paid-up capital of the Company and the net issue will constitute 26.99% of the post issue paid-up capital of the Company.
VC Corporate Advisors Private, Kolkata is the sole book running lead manager to the issue and Cameo Corporate Services is the registrar to the issue. The company intends to deploy the net proceeds of the Issue for investment in SPVs for BOT projects, investment in capital equipment, funding margin requirement for working capital and meeting general corporate expenses.
R.P.P. Infra Projects has leveraged its civil construction expertise in diverse segments of the construction and infrastructure industry such as roads, bridges, highways, SEZ development, irrigation, water supply management and power projects. As of June.30, 2010 the value of its order book was Rs 6,129 million, comprising 5.94% of power projects, 24.35% of water management projects, 47.57% of building projects, 16.32% of SEZ development and 5.82% of irrigation projects.
Zerodha (Trading Account)
RHP
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