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SKIL Infrastructure, the parent company of Pipavav Shipyard’s has filed the draft red herring prospectus (DRHP) with market regulator Sebi for its initial public offer, through which it plans to raise Rs 1,125 crore. The company is also considering a Pre-IPO Placement of up to 20 million Equity Shares aggregating up to Rs 225 crore with certain investors.

The issue proceed will be used to repay / prepay high cost borrowings; to acquire, invest in and/ or operate business ventures; and. general corporate purposes and the issue is being undertaken to realise the benefits of listing of the Equity Shares on the Stock Exchanges, including the enhancement of company’s brand name and creation of a public market for the Equity Shares in India.

ICICI Securities, JM Financial, Nomura Holdings Inc and Edelweiss Capital are the book running lead managers to the issue, while SMC Capitals, IDBI Capital Market Services are acting as co - book running lead managers.

Peers
Company Name CMP
Larsen & Toubro 4044.65
Rail Vikas Nigam 301.20
NCC 158.90
KEC International 589.30
Kalpataru Projects 1245.05
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