• search

Tantia Constructions public issue subscribed 82.68 times

Written by: Staff

Kolkata, Apr 04 (UNI) The initial public issue of Tantia Constructions Limited, a core infrastructure constructions company, was subscribed 82.68 times when the issues closed on March 31.

The company's public issues of 42,50,000 equity shares of Rs 10 each in a price band of Rs 45 to Rs 50 opened on March 22 and it received approximately 1,48,000 applications.

The net offer would constitute 27.30 per cent of the fully diluted post issue capital of the company.

The company intends to use the net proceeds of the issue to purchase capital equipment for enhancement of long-term working capital requirement, for investment in BOT/Boot projects, towards repayment of debt and public deposits.

The company has achieved a turnover of Rs 96 crore and clocked net profit of Rs 4.08 crore in the first 9 months of 2005-06.

The Company has a current order book in excess of Rs 800 Cr.

The company is presently executing a number of major projects including the 2.1 Km mega bridge on river Koshi, 165 KM roadways in Mizoram, AAI Airport Terminal at Dibrugarh and five km of Tramway in Kolkata.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more