The company seeks money for investment in subsidiaries, repayment of loans, general corporate purposes and capital equipment for EPC business purchase. They already filed DRHP before in September 2016 but then did not came up with the ipo.
The lead managers will be HDFC Bank, IDFC Bank, Motilal Oswal Co. Ltd Investment Advisor and Yes Securities (India) for the ipo.
They are one of the leading integrated road EPC company. They are doing designing and construction of roads and highway projects. They do have the projects in 14 states in India. They have vast experience in construction of state and national highways, flyovers, airport runways and bridges.