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Wednesday, October 18, 2006

C&C Constructions files DRHP with Sebi

C&C Constructions, an infrastructure project development company, has filed its draft red herring prospectus, DRHP with Sebi for its forthcoming initial public offer, IPO. The company proposes to make an initial public offer through 100% book building issue, as per press release.

The public offer will constitute 54,77,634 equity shares of Rs 10 each. The issue shall constitute 30% of the fully diluted post-issue capital of the company.

Edelweiss Capital is the book running lead manager to the Issue

The net proceeds of the issue are intended to be used for funding the company’s capital expenditure requirements, augmenting its working capital resources and for investment in various Build Operate and Transfer projects.

The company, incorporated in July 1996 is an infrastructure project development company that provides engineering, procurement and construction services for infrastructure projects in India and Afghanistan. C&C Constructions Ltd. has been involved in transportation engineering projects including roads, bridges, flyovers and airport runways. The company’s clients include names like National Highway Authority of India, Airport Authority of India, Public Works Department of various State Govts, Punjab Infrastructure Development Board, PWD Afghanistan, RITES Limited etc.

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