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Last Updated : Mar 21, 2018 12:56 PM IST | Source:

SS Infrastructure Development SME IPO to open on March 28, price band Rs 37-40

SS Infrastructure Development Consultants is aimed to raise Rs 17.11 crore through the issue will close on April 5.

Moneycontrol News @moneycontrolcom

SS Infrastructure Development Consultants will open its initial public offering for subscription on March 28, with a price band of Rs 37-40 per share.

The offer consists of 42,78,000 equity shares; of which up to 2,22,000 equity shares will be reserved for subscription by the Market Makers to the issue.

The company is aimed to raise Rs 17.11 crore through the issue will close on April 5.

The net proceeds will be utilised for renovation of existing offices and Opening of new branch office; purchasing of software’s and hardware’s; repayment of secured & unsecured loans; funding the working capital requirements; and general corporate purposes.

SS Infrastructure is engaged in the business of engineering and architectural consultancy and is an integrated infrastructure development solution provider in India. The company provides architectural planning, comprehensive civil/structural designs, project management consultancy, repairs and rehabilitation, quality management systems through well qualified teams and experienced promoters.

Pantomath Capital Advisors Private Limited is the book running lead manager to the issue and Bigshare Services Private Limited is the registrar to the issue. Equity shares are proposed to be listed on NSE EMERGE.
First Published on Mar 21, 2018 12:56 pm
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