MUMBAI: Initial public offering of Kaushalya Infrastructure Development Corporation will open for subscription on Tuesday in the price band Rs 50-60 per share. The issue closes Friday.
Kaushalya Infrastructure is entering the capital market with 85,00,000 equity shares of Rs 10 each through the 100 per cent book building process.
The company plans to use Rs 17.50 crore for land acquisition, land development rights and real estate development. It seeks to invest Rs 12 crore in various projects and joint ventures. It plans to keep Rs 5 crore for construction and infrastructure equipments.
Kaushalya Infrastructure is eyeing townships, offices, houses and other buildings, urban infrastructure, highways, roads, power systems, irrigation, dams and agriculture systems.
SREI Capital Markets is the book running lead manager to the issue.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment