•Fresh Issue aggregating up to Rs. 4,000 million, (the “Issue”)
•Bids can be made for a minimum of 60 Equity Shares and in multiples of 60 Equity Shares thereafter.
•The Floor Price is 24.5 times of the face value and the Cap Price is 25 times of the face value.
•Issue Opening Date – Wednesday, September 13, 2017 and Issue Closing Date – Friday, September 15, 2017.
MUMBAI, September 6, 2017 (GPN) : Mumbai-based Capacit‘e Infraprojects Limited (“Company”), one of the fast growing construction companies focused on Residential, Commercial and Institutional buildings will be launching its initial public offering (“IPO”) which is scheduled to open on September 13, 2017 and close on September 15, 2017, with a price band of Rs.245 – Rs. 250 per Equity Share of face value of Rs. 10 each of the Company (the “Equity Shares”). The Anchor Investor Issue Period shall be September 12, 2017, being one working day prior to the Issue Opening Date.
The IPO comprises of a net issue aggregating up to Rs. 4,000 million.
The Company proposes to utilize the Net Proceeds of the Issue for (i) Funding working capital requirements; (ii) Funding purchase of capital assets (system formwork); and (iii) General corporate purposes.
In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957, as amended, read with Regulation 41 of the ICDR Regulations, the Issue is being made through the Book Building Process, in reliance on Regulation 26(1) of the ICDR Regulations, wherein not more than 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”). Provided that the Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price.
Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Issue shall be available for allocation to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All Bidders, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”), to participate in the Issue.
Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, please see “Issue Procedure” on page 367 of the Red Herring Prospectus.
The Issue shall constitute up to [●]% of the post-issue paid-up equity share capital of the company.
Axis Capital Limited, IIFL Holdings Limited and Vivro Financial Services Private Limited are the Book Running Lead Managers (“BRLMs”) to the Issue. The Registrar to the Issue is Karvy Computershare Private Limited.
Link to RHP: http://bit.ly/2gK2rsq