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Construction major Capacit'e Infraprojects today raised Rs 120 crore from anchor investors, ahead of its initial share-sale offering tomorrow.
The company would allot 48 lakh shares to the anchor investors at a price of Rs 250 per scrip -- upper end of the IPO price band. This would amount to Rs 120 crore, according to a filing to the exchanges.
Capacit'e Infraprojects' Rs 400 crore initial public offer (IPO) would be open from September 13 to 15. The price band has been fixed at Rs 245-250 apiece.
Proceeds of the issue will be utilised for funding working capital requirements, purchasing of capital assets and general corporate purposes.
Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue.
The equity shares are proposed to be listed on the BSE and National Stock Exchange.
Mumbai-based Capacit'e Infraprojects' order book stood at Rs 4,600 crore as on May 31, 2017. It has projects in various places including Mumbai metropolitan region, the National Capital Region (NCR), Patna, Bengaluru, Chennai, Hyderabad and Kochi.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)