RNS Infrastructure Limited has filed its DRHP with SEBI on 17-07-07 for a public issue of 21,660,000 equity shares of Rs. 10 each at a price to be determined later. The issue comprises a net issue to the public of 21,500,000 shares of Rs. 10 each and a reservation of 160,000 equity shares of Rs. 10 each for eligible employees of the company. The issue would constitute 25.58% of the fully diluted post issue paid-up capital of the company. ICICI Securities is the BRLM and shares would be listing on BSE and NSE.
The company has been named after the founder member R N Shetty. The company is a specialist in the execution of Tunnels, Irrigation Projects, Bridges, Power Projects, Buildings, Dams, Highways, Reservoirs and many more.
The Company has undertaken and completed many Projects for Karnataka P.W.D. and irrigation Department, Karnataka Power Corporation Ltd., National Highways Authority of India, Karnataka State Highways Important Project, Maharashtra Krishna Valley Development Corporation, NTPC, K.L.E. Society, and other Government, Semi-Government and Private Institutions.
Naveen Hotels Limited, a division of the company has tied up with Taj Group for the building a 5-star, 350 rooms hotel at Yeshwanthpur. This is the second project being developed in tie up with the Taj Group, the earlier one being Taj Residency, MG Road, Bangalore.
The company has also undertaken a residential project on the Bangalore Pune Highway at Yeshwantpur. Known as RNS Shathinivas, which is the company's maiden venture in real estate after decades of experience mainly in large and medium infrastructure projects.
The object of the issue is to finance the construction and development cost of its real estate project and for general corporate purposes.