Monday, July 25, 2016

Dilip Buildcon IPO opens on Aug 1st Buildcon Ltd is entering in the capital markets with an initial public offering (IPO) to carry out the sale of up to 10,227,273 equity shares by the selling shareholder. In addition, company is raise Rs 430.00 Cr through a fresh issue for pre-payment of certain loans availed by company and to meet working capital requirements. The price band for the issue has been fixed at Rs 214 at lower level and Rs 219 at upper level.

Incorporated in 2006, Dilip Buildcon Ltd is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India.

The issue opens on Aug 1, 2016 and closes for subscription on Aug 3, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).