NKG INFRASTRUCTURE
NKG Infrastructure Limited has filed its DRHP with SEBI on 27th September for the public issue of 63 lakh equity shares at a face value of Rs 10 each at a premium of the shares to be decided later through the book building process. The NKG IPO will constitute 44.41% of the fully diluted post issue paid up capital of the company.
The BRLM to the issue is SPA Merchant Bankers Limited. The equity shares are proposed to listed on the BSE and NSE.
Incorporated in 1989 the Company is engaged primarily in execution of Infrastructure Sector Projects like Highways, Roads & Bridges and are also involved inexecuting other Civil Construction projects like Extension & Grading of runway, construction of residential & Commercial Buildings & Land Development . The company also recently diversified in to installation & erection of Electric substations.
The company plans to use the issue proceeds for funding capital expenditure requirements, investment in Joint Venture & BOT projects, augmenting working capital resources, and meeting issue expenses.