J Infratech files IPO papers; eyes ₹600 cr via fresh issue
Apart from the fresh issue, the company's proposed IPO comprises an offer for sale of 1 crore equity shares by promoters, according to the draft red herring prospectus filed on Friday
J Infratech Ltd, a Haryana-based infrastructure engineering, procurement and construction company, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) with a fresh share issue of ₹600 crore. The IPO also includes an offer for sale of 1 crore equity shares by promoters and a potential pre-IPO placement of up to ₹120 crore.
The primary use of IPO proceeds is to cover working capital needs, repay borrowings, and cover general corporate expenses. J Infratech specializes in large-scale road development projects across India and has completed 35 projects and is currently executing 46 projects in 16 states and three Union Territories. The shares to be offered through the IPO will be listed on both BSE and NSE, with Systematix Corporate Services as the book-running lead manager and KFin Technologies as the registrar to the offer.
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- Kolkata-based Anmol Industries files draft papers with SEBI for ₹1,800-crore IPO thehindubusinessline.com
- J Infratech files IPO papers; eyes Rs 600 cr via fresh issue economictimes.indiatimes.com
- Kian-M Export files IPO papers with Sebi to raise ₹500 cr via fresh issue business-standard.com
