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RKEC Projects Limited IPO opens on 25 Sept 2017

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Price fixed at Rs 45 per share
Mumbai, September 20, 2017: RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, Andhra Pradesh, is opening its IPO on September 25, 2017. The Company is making a Public Offer of 63,80,000 Equity Shares of face value of Rs. 10 each  for cash at a price of Rs. 45 per Equity Share, aggregating to Rs 2870 lakh.
The fresh issue would be for Rs. 2106 lakhs, The Offer for Sale for public for would be for Rs.765 lakhs. 3, 24,000 shares will be reserved for market maker. The Issue (including Market maker portion) And the Net Issue (excluding Market maker portion) will Constitute 26.59% and 25.26%, respectively of the Post Issue Paid up Equity Share Capital. The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Issue will close on Sept.28, 2017.The shares will be listed on NSE Emerge.
For the period ended March 31, 2017 and for year ende…