Wednesday, April 29, 2015

PNC Infratech IPO to open on May 8th

PNC Infratech Ltd is entering in the capital markets with an initial public offering, IPO consisting of 12,921,708 Equity Shares of Rs. 10. The price band for the issue has been fixed at Rs 355/- at lower level and Rs 378/- at upper level. The minimum bid lot is 35 equity shares and in multiples of 35 equity shares thereafter.

PNC Infratech Ltd is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities.

The issue opens on May 08, 2015 and closes for subscription on Mar 12, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).