Mumbai-based real estate construction company Capacite Infra-projects Ltd (CIL) has filed its Draft Herring Prospectus (DHP) with the market regulator for an IPO (Initial public offering) to raise up to Rs. 400 crore. The company will utilize the proceeds for working capital needs, purchase of capital assets and general corporate intentions, as per DHP filed.
CIL carries out construction of commercial, residential and institutional buildings, basing Mumbai metropolitan region, New Delhi Region, Bengaluru and so on. The company’s net income grew from Rs. 214 crore in 2013-14 to Rs. 853 crore in 2015-16 and Rs. 847 crore for the 9-month period ended 31 December, 2016.
IIFL Holdings Ltd, Axis Capital Ltd and Vivro Financial Services Pvt. Ltd are the book running lead managers.
Capacite Infra-projects has huge clientele in the league that comprised of The Wadhwa Group, Oberoi Constructions, Lodha Group, Saifee Burhani Upliftment Trust, Godrej Properties and Prestige Estates Projects.