M S Khurana Engineering Ltd, an engineering & construction company, has filed its DRHP on 4/4/07 with Sebi to enter the capital market with a public issue of 45 lakh equity shares of Rs 10 each including share premium to be decided through a 100% book building process. The net issue to the public would constitute 29.45% of the fully diluted post issue paid up of the company.
The book-running lead manager to the issue is UTI Services Ltd. The company proposes to list the shares on BSE and NSE.
The company proposes to utilize the proceeds of the issue for purchase of plant & machinery for construction business, to invest in its fully-owned subsidiary MS Khurana Infrastructure & Toll Pvt Ltd, and to meet working capital requirement, besides, the expenses of the issue and to list the shares on the stock exchanges.
The company is engaged in the business of construction/infrastructure related activities and have executed projects in various states namely