The issue opened on May 8 and closed on 12, the company has raised Rs. 480 crore at 378/share.
The Book Running Lead Managers to the Offer are ICICI Securities Limited and IDFC Securities Limited.
The Company is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. They also execute projects on a BOT (including on a DBFOT basis), operate them during the concession period on toll or annuity basis and subsequently transfer the projects. The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu.
The Company has executed 42 major infrastructure projects on an EPC basis, acquiring experience particularly in the timely execution of EPC contracts since its incorporation. They have an established track record in executing large construction projects particularly in the roads and highways and airport runways sectors. The Company’s order book in terms of total value of contracts including escalation was Rs. 78,497.00 million as on March 31, 2015 and Rs. 60,857.80 million as on March 31, 2014. In the nine month period ended December 31, 2014, the consolidated revenues were Rs. 13,263.71 million and consolidated PAT was Rs. 624.32 million. In fiscal 2014, the consolidated revenues were Rs. 13,642.43 million and consolidated PAT was Rs. 519.69 million.
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