Jan 09, 2013, 05.31 PM | Source: Business Line
Ramky Enviro Engineers is readying itself to enter capital market with an initial public offer to raise up to Rs 1,000 crore to part fund its expansion.
The bankers for the proposed offer include Kotak Mahindra Bank, JPMorgan Chase, SBI Capital Markets and Edelweiss Capital, according to company sources.
Part of the diversified Ramky Group and listed entity Ramky Infrastructure Ltd, the company is engaged in waste and environmental management solutions, including using urban waste to generate power.
The Hyderabad-based company, which is backed by investments made by Standarad Chartered equity arm and IL&FS Fund, will launch its application next month and expects to enter market when the market conditions are ideal.
Ramky Enviro and Chinese company Chongquin Sanfeng have recently formed a venture to set up a series of waste to energy projects. Sanfeng has the technology and EPC capability for such waste to energy projects.
Ramky has arrangements to develop projects in Delhi, Mumbai, Hyderabad and few other locations.