Supreme Infrastructure India limited (SIIL) a Mumbai based company engaged in
road construction and other infrastructure activties is coming out with an IPO of 34.75 lakh equity shares at a price band of Rs 95-108 per share with 100% book building process.
Qualified Institutional Buyers Portion is 19,37,500 Equity Shares constituting upto 50% of the Issue. 5% of the QIB Portion i.e.96,875 Equity shares shall be allocated proportionately to mutual funds. Non-Institutional Portion is 5,81,250 Equity Shares constituting not less than 15% of the Issue that will be available for allocation to Non-institutional Bidders.
Retail Portion is 13,56,250 Equity Shares constituting not less than 35% of the Issue that will be available for allocation to Retail Individual Bidders.
Supreme Infrastructure India press release, said the company’s current order book stands at Rs 330 crore and for Q1 FY07, it has posted revenues of Rs 21.06 crore and net profit at Rs 3.29 crore.
Supreme Infrastructure intends to use funds fromt the IPO to purchase & upgrade machinery and to meet long term working capital requirements.
Karvy Investor Services Limited is the book running lead manager and Bigshare Services Pvt Ltd is the registrar to the issue. The Equity Shares issued through the Draft Red Herring Prospectus are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”) and The National Stock Exchange of India Limited (“NSE”). For purposes of this Issue, BSE is the Designated Stock Exchange.
Click here for Supreme Infrastructure India Limited draft Prospectus.
For further information on Supreme Infrastructure India Ltd IPO Subscription,IPO allotment status, refund details and listing date of Supreme Infrastructure India Ltd. IPO, check www.bsensedaily.com regularly.
1 comment so far ↓
Supreme Infrastructure IPO will be exactly like Purvankara IPo and has not left much for the investors.
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