Capacit’e Infraprojects files for Rs 400-cr IPO

Capacit’e Infraprojects files for Rs 400-cr IPO

18/04/2017 12:35

Capacit’e Infraprojects Ltd, a real estate construction company, has filed Draft Red Herring Prospectus (DRHP) with markets regulator SEBI, planning to raise Rs. 400 crore through an Initial Public Offering (IPO), reported PTI.

The issue will be on book-building basis and the price band to be decided later.

The company will use the IPO proceeds for working capital requirements, purchase of capital assets (system formwork) and for general corporate purposes, it said in the filing.

Axis Capital, IIFL Holdings and Vivro Financial Services Private are the book running lead managers to the issue and Karvy Computershare Private is the registrar.

Capacit’e Infraprojects’ order book position stood at Rs. 4,000 crore as on January 31, 2017, comprising 51 ongoing projects. The Company’s consolidated revenue from operations grew to Rs. 8,53.29 crore in financial year 2016 and Rs. 8,47.37 crore for the nine month period ended December 31, 2016, from Rs. 2,14.25 crore recorded in fiscal 2014.

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