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SME: VKJ Infradevelopers' 51 lakh shares IPO opens

VKJ Infradevelopers' public issue of 51,00,000 equity shares of Rs 10 each has opened for subscription today.

August 12, 2013 / 03:27 PM IST

VKJ Infradevelopers entered capital market today with a public issue of 51 lakh equity shares of Rs 10 each for cash at a price of Rs 25 per share, aggregating Rs 12.75 crore. Out of which 2,64,000 equity shares will be reserved for subscription by the market makers to the issue.

VKJ Infradevelopers is one of leading indian company in trading in construction materials, Land Development, Civil Construction, site development, land filling, fencing walls etc.

Also Read: Silverpoint IPO: When will regulators wake up from slumber?

The issue will close for subscription on August 14. Equity shares will be listed on the BSE under SME platform.

Object of the issue are to meet the fund required for ongoing & forthcoming projects and for general corporate purposes.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager to the issue.

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