Maytas Infra fixes IPO issue at Rs 370
Maytas Infra has fixed the issue price for its initial public offering at Rs 370 per share. The company will be using the Rs 327.4 crore proceeds for various built-operate-transfer (BOT) projects.
By INDIATIMES NEWS NETWORK |
MUMBAI: Maytas Infra has fixed the issue price for its initial public offering at Rs 370 per share. The company will be using the Rs 327.4 crore proceeds for various built-operate-transfer (BOT) projects.
As per the NSE website, the IPO was subscribed 67.86 times.
Maytas Infra intends to deploy the issue proceeds in the development of Bangalore-Hosur elevated expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.
JM Financial Consultants and DSP Merrill Lynch were the book running lead managers to the issue.
As per the NSE website, the IPO was subscribed 67.86 times.
Maytas Infra intends to deploy the issue proceeds in the development of Bangalore-Hosur elevated expressway, 300 MW coal-based KVK Nilachal power project in Orissa, 56 MW coal washery reject-based SV power plants and 2.5 million MT per annum coal washery at Korba in Chhattisgarh.
JM Financial Consultants and DSP Merrill Lynch were the book running lead managers to the issue.
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