KNR Constructions IPO Details

KNR Construction IPO subscription will open on 24th January, 2008 with over 78 lakh equity shares to be offered at a price band of Rs. 170 to Rs. 180 per share and will close for subscription on Tuesday, January 29, 2008. KNR Constructions provides EPC services and has strong track record of Project execution in Construction,Operation and maintenance of Road. KNR Constructions IPO proceeds are to used for the BOT Projects and for clearing Unsecured loans. KNR Construction IPO has been graded by CRISIL and the IPO has been assigned CRISIL IPO Grade 3. CRISIL Grading to the KNR Constructions IPO indicates average fundamentals of the issue. Book running lead manager to the KNR IPO is Axis Bank Limited and the company plans to list the KNR Constructions IPO on the BSE and the NSE. For more updates and information on the KNR Construction IPO subscription and KNR Construction IPO Allotment do visit us regularly.