Infrastructure developer Ashoka Buildcon today said it has filed draft prospectus with market regulator Sebi for its proposed Rs 225 crore initial public offer (IPO).
The company has filed the draft red herring prospectus DRHP with the Securities and Exchange Board of India (Sebi) to enter the capital market with an IPO aggregating up to Rs 225 crore, Ashoka Buildcon said in a statement.
Price of the issue would to be determined through 100 per cent book-building process.
The equity shares offered through this IPO, are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), it further said.
IDFC-SSKI and ENAM Securities are the book running lead managers to the issue.
Ashoka Buildcon is engaged in the business of building and operating roads and bridges.
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