SME: Anubhav Infrastructure's Rs 9cr IPO to open on Nov 26

Anubhav Infrastructure has come out with its public offer of 60 lakh equity shares of Rs 10 each through an offer for sale of 30 lakh equity shares by Parmeshwar Barter Private Limited and 30 lakh equity shares by Parmeshwar Mercantile Private Limited for cash at a price of Rs 15 per equity share, aggregating Rs 9 crores.

The issue is going to open on November 26 which has scheduled to close on November 28, 2014.

The equity shares offered through the prospectus are proposed to be listed on the BSE SME Platform.

Anubhav Infrastructure is currently engaged in providing land development, construction services and other related services for civil & structural construction and infrastructure sector projects.

> Achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of 60,00,000 Equity Shares by the Selling Shareholders.

> Enhance their visibility and brand name.

> General corporate purposes; and

> Issue expenses

First Overseas Capital Limited will be the book running lead manager to the issue. However, Maheshwari Datamatics Private Limited has appointed a registrar to the issue.