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VKS Projects lists at 2% premium on BSE

The company raised Rs 55 crore through IPO, fixed issue price at lower end of price band of Rs 55-60 a share.

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is trading at Rs 55.80, a 1.5% premium against its issue price of Rs 55 per share in the pre-open bidding on the Bombay Stock Exchange.

The engineering procurement and construction ( contractor) company has raised Rs 55 crore through initial public offer (), fixed issue price at lower end of price band of Rs 55-60 a share.

The company has proposed to use the net proceeds of the issue to meet long-term working capital requirements besides financing the procurement of construction equipment and key machineries and the setting up of engineering design studio/office and training centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad.

 

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