SVEC Constructions IPO Latest News Today

Incorporated in 1985, SVEC Constructions Limited is a leading company in the construction industry in India. They executes projects for Government, public and private corporates. SVEC is one of the specialists in CC lining and construction of structures for canals and in building residential/commercial buildings for Government, public and private corporates.

SVEC Constructions is entering in the capital markets with an initial public offering, IPO of 40,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 80/- at lower level and Rs. 90/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 04, 2008, and closes for subscription on Feb 08, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

After multiple attempts to attract investor, SVEC Constructions Ltd IPO fails to get any response. Companies IPO Lead Manager finally had withdrawn the IPO one day before its official closing date. Below is the copy of NSE Notice:

NSE notice posted on 12-Feb-08
Members are requested to note that the book building issue of SVEC CONSTRUCTIONS LIMITED which was scheduled to close on 13th Feb. 2008 has been withdrawn by the Lead Managers and now the Issue stands Close.

Attention Members (NSE Notice - 12-Feb-2008)

Members are requested to note that the book building issue of SVEC CONSTRUCTIONS LIMITED which was scheduled to close on 13th Feb. 2008 has been withdrawn by the Lead Managers and now the Issue stands Close.

SVEC Constructions Limited IPO subscribed 0.24 times till 17:00:00 IST. SVEC which was scheduled to close on 8th Feb. 2008, is now extended by 3 days and now the issue will close on 13th Feb. 2008.

The price band for the issue has been changed from Rs. 85/- to Rs. 80/- at lower level & from Rs. 95/- to Rs. 90/- at upper level.

Incorporated in 1985, SVEC Constructions Limited is a leading company in the construction industry in India. They executes projects for Government, public and private corporates. SVEC is one of the specialists in CC lining and construction of structures for canals and in building residential/commercial buildings for Government, public and private corporates.

SVEC Constructions is entering in the capital markets with an initial public offering, IPO of 40,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 80/- at lower level and Rs. 90/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 04, 2008, and closes for subscription on Feb 13, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Incorporated in 1985, SVEC Constructions Limited is a leading company in the construction industry in India. They executes projects for Government, public and private corporates. SVEC is one of the specialists in CC lining and construction of structures for canals and in building residential/commercial buildings for Government, public and private corporates.

SVEC Constructions is entering in the capital markets with an initial public offering, IPO of 40,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 85/- at lower level and Rs. 95/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 04, 2008, and closes for subscription on Feb 08, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).