KNR Constructions has filed its DRHP with Sebi on 27/9/2007 to enter the capital market with a public offer of 78,74,570 equity shares of Rs 10 each for cash at a price to be decided through 100 per cent book-building process.
Net issue to public comprises 77,34,570 equity shares of Rs 10 each constituting 27.50 per cent of the fully diluted post-issue capital.
The equity shares are proposed to be listed on BSE and NSE. CRISIL has assigned a CRISIL IPO Grade '3/5' to the issue.
The company plans to deploy the IPO proceeds for equity investment in built/own/transfer projects and purchase of capital equipment.
The book running lead manager to the issue is Axis Bank.
The company provides engineering, procurement and construction services for roads & highways, irrigation and urban water infrastructure management. As on
The company's operating income (consolidated) increased to Rs 324.4 crore in 2006-2007 as compared to Rs 129.3 crore in 2005-06. Its restated PAT increased to Rs 20.2 crore in 2006-07 compared to Rs 4.67 crore in 2004-05.