PNC Infratech has filed its DRHP with SEBI on
The shares are proposed to be listed on the BSE and NSE. Enam Securities is the BRLM to the issue.
The company proposes to use the proceeds from the issue to finance the purchase of capital equipments of Rs 39.91 crore and another Rs 30 crore for investing in JVs/SPVs for BOT projects and Rs 12.16 crore for prepayment of debt and advances.
PNC Infratech, incorporated in 1999, is engaged in the business of providing integrated construction services for infrastructure sector like roads, highways, bridges etd. The company intends to bid for various road projects on a BOT basis for which the company is contemplating SPVs or joint ventures to facilitate the execution of such projects. The company has been awarded the tender floated by the Madhya Pradesh Road Development Corporation for development of the Jaora-Nayagaon Road on BOT basis on SH-31 of state highway for which a SPV - Jaora-Nayagaon Toll Road Compay has been formed in which the company has equity participation of 11.5%.
For the year ended