Current Infraprojects Ltd - IPO

Current Infraprojects Ltd IPO Details

Initial public offer of 52,25,600 equity shares of face value of Rs. 10/- each (equity shares) of Current Infraprojects Limited (the company or company or issuer) for cash at a price of Rs. 80/- per equity share (including a share premium of Rs.70/- per equity share), aggregating to Rs. 41.80 crores (the issue). This issue includes a reservation of 2,68,800 equity shares of face value of Rs. 10/- each aggregating to Rs. 2.15 crores (constituting to 1.40% of the post-issue paid up equity share capital of the company) for subscription by the market maker (market maker reservation portion) and reservation of 99,200 equity shares of face value of Rs. 10/- each, aggregating to Rs. 0.79 crores (constituting to 0.52% of the post-issue paid up equity share capital of the company) for subscription by the eligible employees (the employees reservation portion). The issue less market maker reservation portion and the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.29% and 25.37% respectively of the fully diluted post issue paid up equity share capital of the company.

Objective of issue

Investment in equity of the company wholly owned subsidiary Current infra Dhanbad Solar Pvt Ltd for setting up 1800KW solar plant under RESCO Model at Indian Institute of Tec (Indian School of Mines) IIT(IMS) Dhanbad, (Proposed Project). Funding the working capital requirement of the company. General corporate purposes.

Current Infraprojects Ltd Contact Details

Current Infraprojects Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@currentinfra.com

Website - www.currentinfra.com