Supreme Infrastructure IPO

By CROW -
Supreme Infrastructure IPO opens on Sep. 21

Supreme Infrastructure India (SIIL) announced its intent to enter capital market by floating initial public offering (IPO), reports Economic Times. This construction firm would issue 3,475,000 equity shares in a price band of Rs 95 and Rs 108 and plans to raise Rs 320 million to Rs 370 million through the IPO.

The IPO opens on September 21 for subscription and will close on September 26.

The issue constitutes 25.05% of the post issue paid-up capital of the company and the proceeds of the issue will be utilized to finance its expansion plans and meet its long-term financial needs.

SIIL is into infrastructure development, engaged in construction of roads, highways, widening of highways and execution of contracts under National Highway Authority of India (NHAI), Mumbai Metropolitan Region Development Authority (MMRDA) and others.

Comments

  1. AnalystSeptember 18, 2007 at 1:29 PM

    Is this IPO a buy or wait?
    What is your analysis of its target price is next
    a) next week
    b) Next Month

    ReplyDelete
  2. CROWSeptember 18, 2007 at 3:35 PM

    This IPO is sure BUY for short term. Expect Growth to 20 to 30% . Please do not invest for long term

    ReplyDelete

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