Capacit'e plans to raise Rs 400-500 crore through IPO in FY18

MUMBAI: Engineering firm Capacit'e Infraprojects plans to raise around Rs 400-500 crore through initial public offer ( IPO) in fiscal 2018.

According to sources, the company is likely to file its draft red herring prospectus ( DRHP) in April.

"Capacit'e is in the process of filing the DRHP and we hope it will be completed by April. Once the approvals are in place, which may take a few months, the company may launch its IPO in the fiscal 2018 itself," they said.

The city-based firm, which undertakes construction of residential, commercial and institutional buildings, plans to raise around Rs 400-500 crore through the IPO.

The company currently has an order book of around Rs 6,000 crore. It has projects in Mumbai Metropolitan Region, National Capital Region, Bengaluru, Cochin, Pune, Hyderabad and other major cities across India.

Its order backlog stands at Rs 4,000 crore. In the last few months, post demonetisation, the company has bagged orders worth Rs 1,500 crore from realty players like Oberoi, Wadhwa, Rustomjee and Kalpataru in Mumbai, Emaar in Gurgaon and Ozone in Bengaluru.