KNR Constructions Limited IPO

KNR Constructions Limited IPO
Period	24-Jan to 29-Jan 2008
Size (Equity Shares)	7,874,570
Type	100% Book Building
Face Value	Rs. 10-
Price Range	Rs 170 to Rs 180
Market Lot	35 Shares
Max shares Retails investor can apply at cut off	525 shares (Rs.525)
Registrar	Intime Spectrum Registry Ltd
Registrar's email	knr.ipo@intimespectrum.com
Lead Manager	Axis Bank Limited
Listing	BSE, NSE
Grading	CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average
About the company
Established: 1995 Business: Infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management. KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh. Some of the major projects completed by KNR: Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh. Rehabilitation and upgrading of Surat (Gujarat). Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu. Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh. Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
Objects of the Issue
Further Equity investment in BOT projects; Purchase of capital equipment; For meeting working capital requirement; For General Corporate Purpose