RPP Infra Projects Ltd - IPO

RPP Infra Projects Ltd IPO Details

Public issue of 65,00,000 equity shares of Rs. 10 each (Equity Shares) for cash at a price of Rs. 75 per equity share aggregating to Rs. 48.75 crores, comprising of a fresh issue of 61,00,000 equity shares by R.P.P. Infra Projects Limited and an offer for sale of 4,00,000 equity shares by the promoters, (the selling shareholders). The fresh issue and the offer for sale are jointly referred to as the issue. The issue comprises of a reservation of 4,00,000 equity shares for eligible employees of Rs. 10 each (the employee reservation portion) and a net issue to the public of 61,00,000 equity shares of Rs. 10 each (the net issue). The issue will constitute 28.76% of the post issue paid-up equity capital of the company. The net issue will constitute 26.99% of the post issue paid-up equity capital of the company.Issue price : Rs. 75 per equity share of face value of Rs. 10 eachThe Issue price is 7.5 times the face value

Objective of issue

Funding margin requirement for working capital. Investment in capital equipment. Investments in SPVs for BOT projects. General corporate purposes.

RPP Infra Projects Ltd Contact Details

RPP Infra Projects Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - secretary@rppipl.com

Website - www.rppipl.com