CAPACIT’E INFRAPROJECTS FILES DRHP FOR RS 400 CR IPO
A fast growing construction company focussed on residential, commercial and institutional buildings Capacit’e Infraprojects Ltd. (CIL) filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for its Initial Public Offering (IPO) targeting to raise upto Rs 400 crores.
The equity shares will have a face value of Rs. 10 each. The issue will be on book-building basis and the price band to be decided later.
The IPO proceeds will be utilized for working capital requirements, purchase of capital assets (system formwork) and for general corporate purposes.
Axis Capital Limited, IIFL Holdings Limited and Vivro Financial Services Private Limited are the book running lead managers to the issue and Karvy Computershare Private Limited is the Registrar.
Capacit’e Infraprojects Limited is a fast growing construction company focused on Residential, Commercial and Institutional buildings, with an order book of over Rs 4,000 crores as on January 31, 2017 comprising 51 ongoing projects. The Company’s consolidated revenue from operations grew from Rs. 2,142.59 million for Fiscal 2014 to Rs. 8,532.90 million for Fiscal 2016 and Rs. 8,473.73 million for the nine month period ended December 31, 2016.
About Capacit’e Infraprojects:
CIL provides end-to-end construction services for residential buildings (“Residential”), multi-level car parks, corporate office buildings and buildings for commercial purposes (collectively, “Commercial”) and buildings for educational and healthcare purposes (“Institutional”). The Company’s capabilities include constructing concrete building structures as well as composite steel structures. The also provide mechanical, electrical and plumbing (“MEP”) and finishing works. CIL predominantly operates in the Mumbai metropolitan region (“MMR”), the National Capital Region (“NCR”) and Bengaluru. The company’s operations are geographically divided into MMR and Pune (“West Zone”), NCR and Patna (“North Zone”) and Bengaluru, Chennai, Hyderabad and Kochi (“South Zone”). As on January 31, 2017, projects in the West Zone, North Zone and South Zone constituted, approximately 60.78%, 15.69% and 23.53% of the total projects, respectively.