The public issue comprises only a fresh issue, and there is no offer for sale portion.
The company has fixed a price band of Rs 33-35 per share and investors can bid for 428 shares and in multiples thereof.
The IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 each aggregating to Rs 66 crore.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
As of December 2022, it has equipment base comprises 111 construction equipment, 46 dumpers, 51 other construction vehicles and 7 ready-mix concrete plants.
In conversation with Sheetal Agarwal of IIFL, the Founder of the company outlines his growth strategy, macro opportunities and fund-raising plans.
The company will use net proceeds from the IPO to fund the working capital requirements and for other general corporate purposes.
Bank of Baroda Financial Solutions Ltd (BFSL) is a 100% owned subsidiary of Bank of Baroda.
Orissa Metallurgical Industry Pvt. Ltd. won a mine in West Bengal.
The cost of building the refinery has increased to Rs 72000 crore from the initial estimate of Rs 43000 crore.