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23-Mar2018

SS Infrastructure Development Consultants to hit capital markets on March 28

SS Infrastructure Development Consultants is coming out with an initial public offer (IPO) on March 28 in order to raise about Rs 17 crore. The issue is of up to 42,78,000 shares and the price band for the offer has been fixed at Rs 37-40 per share. The equity shares are proposed to be listed on Emerge platform of NSE.

The net proceeds will be utilized for renovation of existing offices and opening of new branch office, purchasing of software and hardware, funding the working capital requirements and other general corporate purposes.

Pantomath Capital Advisors is the book running lead manager to the issue and Bigshare Services is the registrar to the issue.

SS Infrastructure Development Consultants is engaged in the business of engineering and architectural consultancy and is an integrated infrastructure development solution provider in India.


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