Business   

Pratibha fixes price band at Rs. 100-120

Corporate Reporter

The issue proceeds will be mainly deployed in BOT/BOOT projects

CHENNAI: Pratibha Industries engaged in developing infrastructure projects in Water supply and distribution system, mass housing and real estate, road construction and environmental engineering is entering the capital market with a public issue of 42.85 lakh equity shares of Rs. 10 each with a price band of Rs. 100-120 per share through the book-building process. The issue is open from February 16 to 22.

Addressing presspersons here on Wednesday, Rohit Katyal, Chief Operating Officer, Pratibha group, said the funds raised will be mainly deployed in BOT/BOOT projects and invested in Pratibha Infrastructure Pvt. Ltd. to enable it meet the capital expenditure for its spiral pipes project.

Water infrastructure projects are the core strength of Pratibha Industries and the company has already done water projects in Maharashtra, Gujarat, Delhi and Karnataka.

Having gained adequate experience in pursuing infrastructure projects, the company has drawn up plans to enter the engineering, procurement and construction (EPC) business for executing oil and gas transmission contracts. It has an order book worth Rs. 560 crore with 74 per cent orders for water infrastructure projects.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

India takes up Mittal bid with EU
IT, ITeS exports set to cross Rs. 100,000 cr. in 2005-06
Reliance Petroleum raises $1.5b
Tata group, State Bank launch credit card
Gitanjali Gems IPO opens today
Pratibha fixes price band at Rs. 100-120
SICAL's investment plans
Salim's two-wheeler unit in Bengal
Rupee weakens
FMCG sector leads turnaround
Exchange rates
Bullion rates
Edible oil base import price raised
India, Italy sign new air services pact
Dabhol project to restart from May 15
HPCL to raise $200 m through ECBs
SBI to decide on lending rates soon
Megasoft to launch VOISE in Spain
AB Mauri bets on yeast and bakery business
TAKE's foray into content supply chain domain
Wockhardt recommends 100 p.c.
Gail India declares 20 p.c. interim
Godrej and Boyce introduces new range of A/cs
Avalon Tech's cable harness plant on stream

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu