Ramky infrastructure to enter capital market

Hyderabad, Jan 2 (UNI) Ramky Infrastructure, an integrated Construction, Infrastructure Development and Management company, had filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to enter the capital market with an initial public offering (IPO) of equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process and aggregating to Rs 4,000 million.

The company proposed to pre-place equity shares to certain Investors, prior filing the prospectus with the RoC. The equity shares were proposed to be listed on Bombay Stock Exchange and National Stock Exchange, a release said here today.

The proceeds from the issue were intended to be deployed for investing in the subsidiaries such as Ramky Hyderabad Ring Road Limited, Ramky Herbal and Medicinal Park (Chhattisgarh) Limited, Ramky Food Park (Chattisgarh) Limited and Ramky Gems and Jewellery Park (Chhattisgarh) Limited. The proceeds would be used for purchasing construction equipments and financing a portion of the working capital requirements.

The company was the flagship of Ramky Group, a group of affiliated companies which, in addition to the services provided by the company, provides waste management, environmental consulting, real estate development and technologies.

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