Gammon Infrastructure files IPO papers

Gammon Infrastructure Projects, a subsidiary of Gammon India has filed papers for the initial public offer of 1,65,50,000 equity shares of face value Rs 10 each.

MUMBAI: Gammon Infrastructure Projects, a subsidiary of Gammon India has filed papers for the initial public offer of 1,65,50,000 equity shares of face value Rs 10 each.

The issue comprises 1,48,95,000 shares to the public and a reservation of 16,55,000 shares to eligible employees.

The IPO is being made on 100 per cent book building proces, with the price band of Rs 167- 200. The issue will remain open from March 10, 2008 to March 13, 2008.

On Thursday, Gammon India shares closed down 0.17 per cent at Rs 504.75
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