NKG Infra IPO : NKG Infrastructure Limited files DRHP with SEBI

NKG Infrastructure Limited is planning an public issue of 63 Lakh equity shares at a face value of Rs 10 each at a premium of the shares to be decided later through the book building process. The NKG IPO will constitute 44.41% of the fully diluted post issue paid up capital of the company.

NKG Infrastructure has recently filed its DRHP with SEBI for the IPO. Incorporated in 1989 the Company is engaged primarily in execution of Infrastructure Sector Projects like Highways, Roads & Bridges and are also involved inexecuting other Civil Construction projects like Extension & Grading of runway, construction of residential & Commercial Buildings & Land Development . The company also recently diversified in to installation & erection of Electric substations.

NKG will issue 63,00,000 Equity Shares of face value of Rs. 10 each for cash Of which Qualified Institutional Buyers Portion is Upto 31,50,000 out of which upto 5% i.e. 1,57,500 equity shares shall be available for allocation on a proportionate basis to Mutual Funds.Non Institutional Portion is atleast 9,45,000 Equity Shares and the Retail Portion is atleast 22,05,000 Equity Shares.

The objectives of the NKG Infra IPO is to deploy the proceeds for funding capital expenditure requirements, investment in Joint Venture & BOT projects, augmenting working capital resources, and meeting issue expenses.

Book Running Lead Manager to the NKG Infrastructure Limited IPO is SPA Merchant Bankers Limited and the Registrar to the NKG Infrastrucutre IPO is Karvy Computershire Private Limited.

The Equity Shares issued through this IPO are proposed to be listed on Bombay Stock Exchange Limited (BSE) and on the National Stock Exchange of lndia Limited (NSE). For the purposes of this Issue, BSE shall be the Designated Stock Exchange.

NKG-Infrastructure-IPO-draft Prospectus

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