Sabari Constructions Tech files papers for IPO on NSE Emerge
The IPO will comprise a fresh issue of up to 63 lakh equity shares with no Offer for Sale component
Sabari Constructions Technologies, a leading EPC and infra turnkey contracting firm, has recently submitted its Draft Red Herring Prospectus to the NSE Emerge Platform for an Initial Public Offering. The IPO will involve the issuance of up to 63 lakh equity shares, without any Offer for Sale. A portion of ₹160 crore will be utilized for working capital and general corporate purposes.
GYR Capital Advisors is appointed as the lead manager, while Purva Sharegistry (India) will serve as the Registrar. The company, based in Coimbatore, boasts over two decades of experience under its belt. Its clientele includes government entities, metro rail corporations, public sector units, and private sector organizations. As of the end of March, the company had an impressive order book of 19 projects, spanning government, private, and own-developed initiatives.
Sabari Constructions Technologies also operates manufacturing units for concrete blocks and ready-mix concrete in Coimbatore and Chennai. Commenters are required to post their thoughts in full sentences, in English, and adhere to TheHindu Businessline's community guidelines.
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