Breaking News

You are here » Indian-Commodity  :  IPO  :  Patel Infra gets SEBI's nod to float IPO

17-Mar2018

Patel Infra gets SEBI's nod to float IPO

Patel Infrastructure has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The company's IPO will see sale of equity shares worth Rs 400 crore.

The company, which filed the draft red herring prospectus with the SEBI in January, got the regulator's approval on March 5. The objects of the offer are to part finance the Cholopuram-Thanjavur HAM Project, purchase construction equipment, fund incremental working capital requirements and repay & prepay debt. SBI Capital Markets and IIFL Holdings are the book-running lead managers to the issue.

Patel Infrastructure operates as an engineering, procurement, and construction (EPC) player in the road sector.


Related News

View all news

Spandana Sphoorty gets SEBI's nod for IPO

Spandana Sphoorty Financial has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of fresh issue......

Bharat Hotels gets SEBI's approval for IPO

Bharat Hotels has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares......

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......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......