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Capacit'e Infraprojects files DRHP with SEBI for public issue

18 Apr 2017 Evaluate

Mumbai-based construction company Capacit’e Infraprojects has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float its initial public offering (IPO) to raise up to Rs 400 crore. The company’s shares are proposed to be listed on the BSE and NSE.  

Proceeds of the fresh issue would be utilised for working capital requirements, purchase of capital assets and for other general corporate purposes. The lead managers for the issue are Axis Capital, IIFL Holdings and Vivro Financial Services.

Capacit’e Infraprojects (CIL) undertakes construction of residential, commercial and institutional buildings in Mumbai Metropolitan Region, National Capital Region, Bengaluru and other major cities spread across India.

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