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Saturday, June 10, 2006

Unity Infraprojects IPO will list on June 12

Unity Infraprojects IPO will list on the stock exchanges on June 12, 2006.

Its BSE ID is 532746 and its NSE ID is UNITY. Its issue price had been fixed at Rs 675 per share. The issue had been subscribed 2.37 times.

Unity Infraprojects had entered the capital market, with a public issue of Rs 34.43 lakh equity shares of Rs 10 each. The issue closed on May 24.

The company intended to use the net proceeds of the fresh issue to purchase capital equipment, prepay debt, invest in build operate-transfer, BOT, projects, fund working capital requirements and for general corporate purposes.

The sole book running lead manager to the issue was DSP Merrill Lynch.

Unity Infraprojects is one of India's leading engineering and construction companies. It provides integrated engineering, procurement and construction, EPC, services for civil construction and infrastructure sector projects.

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