Indian IPO

All details about Hot Indian Primary Market.

Monday, May 07, 2007

Brahamputra Consortium files DRHP with SEBI

Infrastructure project development company Brahamputra Consortium (BCL) has filed its draft red herring prospectus, DRHP with stock market regulator SEBI seeking to tap the capital market.

The company seeks to issue 4.2 million equity shares of Rs 10 each at a price band to be decided later. The issue is through a 100% book building process.

BCL has an order book position of Rs 7,309.38 million as on January 1, 2007 with a well diversified project portfolio such as roads and highways, airports, tunnels, rail over bridges, mining, hydro power projects and real estate.

NHAI, MMRDA, IIT, IRCON, PWD, Airports Authority of India, J&K Economic Reconstruction Agency are among the clients for whom BCL is executing the projects.

The company wants to use the net proceeds of the IPO for purchasing capital equipment, augmenting its working capital requirements and investment in BOT projects.


Post a Comment

<< Home