Supreme Infrastructure IPO likely by August End

Supreme Infrastructure, engaged in road construction, highways widening and other infrastructure related activities, is likely to hit the primary market with its initial public offering by the end of August.

The company plans to come out with a public issue of 38,75,000 shares of face value Rs 10 each through 100% book building process. The company is also planning to make a pre-IPO placement of 4,00,000 shares to certain investors.

Mumbai-based Supreme Infrastructure plans to raise around Rs 21.11 crore for part financing purchase and/or upgradation of plant and machinery and Rs 17.98 crore for long term working capital requirement. 

For further updates on Supreme Infrastructure IPO Start Dates,Subscription,Allotment,keep checking this blog regularly.