Breaking News

You are here » Indian-Commodity  :  IPO  :  Dilip Buildcon to hit capital markets to raise around Rs 664 crore

28-Jul2016

Dilip Buildcon to hit capital markets to raise around Rs 664 crore

Dilip Buildcon is coming out with a 100% book building initial public offering (IPO) of 30,320,730 equity shares of face value of Rs 10 each in a price band Rs 214 - Rs. 219 per equity share. The issue will open August 01, 2016 and will close on August 03, 2016.

The Net Proceeds from the Fresh Issue will be utilized for the prepayment or scheduled repayment of a portion of term loans availed by the Company; to meet working capital requirements; and General corporate purposes.

The issue will open for subscription on August 1, 2016 and will close on August 3, 2016. The Book running lead managers to the issue are Motilal Oswal Investment Advisors and Centrum Capital (India), while the compliance officer for the issue is Abhishek Shrivastava.

The core business of the company is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges. As a result of the natural growth of their road construction business, as well as the recent government support to the infrastructure sector and rising opportunities in new business areas, they recently expanded into the irrigation and urban development businesses.


Related News

View all news

Chartered Speed files DRHP with SEBI for public issue

Fleet bus operators Chartered Speed has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 273 crore through an Initial......

Metropolis Healthcare files DRHP with SEBI for IPO

Metropolis Healthcare has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The......

Narmada Bio-Chem files DRHP with SEBI for IPO

Narmada Bio-Chem has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO comprises......

Top News

View all news

Victory Paper, Orient Green Power and HCL Infosystems to see some action today

Victory Paper and Boards India has received approval from its board to start Aluminium Roofing sheet production. The Board decided to purchase Aluminium roofing sheets and manufacturing machines from......

Victory Paper gets nod to start Aluminium Roofing sheet production

Victory Paper and Boards India has received an approval from its board to start Aluminium Roofing sheet production. The company decided to purchase Aluminium roofing sheets and manufacturing machines from......

NTPC discontinues operations at Badarpur Thermal Power Station

NTPC has discontinued operations of Badarpur Thermal Power Station in New Delhi having total installed capacity of 705 MW with effect from October 15, 2018.NTPC is the largest power utility company in......