NKG Infrastructure files DRHP with SEBI

MUMBAI: NKG Infrastructure, engaged in civil construction and infrastructure development, has filed its draft red herring prospectus with the market regulator SEBI to enter the bourses with its initial public offer.

The company is proposing to issue 63 lakh equity shares of Rs 10 each for cash at a price to be decided through the 100 per cent book-building route, a release issued by the company here today stated.



NKG Infrastructure is engaged primarily in execution of infrastructure projects like highways, roads and bridges, extension and grading of runways at airports and erection and installation of power sub-stations .

The issue proceeds would be deployed for funding capital expenditure requirements, invest in joint venture and BOT projects and augmenting working capital resources, the company added.

Presently,NKG Infra is executing 67 projects including those in JVs across various states in the country. The total value of these projects under execution is Rs 526.87 crore.

The company proposes to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The book-running lead manager to the issue is SPA Merchant Bankers.