Friday, January 18, 2008

KNR Constructions Limited - IPO Opening on Jan 24

Hi Friends, 

Incorporated in 1995, KNR Constructions Limited is an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management. KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country.

 KNR Constructions is entering in the capital markets with an initial public offering, IPO of 7,874,570 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 170/- at lower level and Rs. 180/- at upper level for equity share of Rs. 10/-. The issue opens on Jan 24, 2008, and closes for subscription on Jan 29, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about  KNR Constructions Limited IPO,  KNR Constructions IPO Allotment Status, KNR IPO discussions,  KNR Constructions Ltd IPO reviews, KNR Constructions News and  KNR Constructions Ltd IPO Listing Date.

Good Luck!