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Capacit'e Infraprojects files Rs 400-cr IPO papers with Sebi

Press Trust of India  |  New Delhi 

Capacit'e Infraprojects today filed draft papers with market regulator to raise an estimated Rs 400 crore through an initial public offering. Funds raised through the issue will be utilised for working capital requirements, purchase of capital assets and for general corporate purposes, the company said in a statement. The equity will have a face value of Rs 10 each. The issue will be on book-building basis and the price band will be decided later. Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue.

The equity are proposed to be listed on and Mumbai-based Capacit'e Infraprojects is a fast growing construction company focused on residential, commercial and institutional buildings. It had an order book of over Rs 4,000 crore as on January 31, 2017 comprising 51 ongoing projects.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 17 2017. 17:02 IST