CIL to come with an IPO worth Rs. 400 cr.

Posted on

Market Update, IPO, 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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s