J Kumar Infraprojects has filed papers with the Securities and Exchange Board of India to raise funds through initial public offer.
The company plans to come out with an offering of 65 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process. Net issue will constitute 30.40 per cent of the fully diluted post issue paid-up capital.
J Kumar Infraprojects is a civil engineering and infrastructure development company focusing on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways.
The company plans to use the IPO proceeds for purchase of capital equipments and funding working capital requirements
The company's total income increased to Rs 113.36 crore in 2006-07 (Apr-Mar) compared with Rs 3.03 crore in 2004-05. Profit after tax increased to Rs 8.01 crore in 2006-07 compared with Rs 4.39 lakh in 2004-05.
Its order book, including some uncommenced projects and the unfinished and uncertified portions of its commenced projects, was Rs 315.31 crore as of June 1, 2007. Income from operations increased by a compounded annual growth rate of 234.35 per cent and the profit after tax has increased by a compounded annual growth rate of 471.51 per cent over the last three years.
The book running lead manager to the issue is Anand Rathi Securities
The company plans to come out with an offering of 65 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process. Net issue will constitute 30.40 per cent of the fully diluted post issue paid-up capital.
J Kumar Infraprojects is a civil engineering and infrastructure development company focusing on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways.
The company plans to use the IPO proceeds for purchase of capital equipments and funding working capital requirements
The company's total income increased to Rs 113.36 crore in 2006-07 (Apr-Mar) compared with Rs 3.03 crore in 2004-05. Profit after tax increased to Rs 8.01 crore in 2006-07 compared with Rs 4.39 lakh in 2004-05.
Its order book, including some uncommenced projects and the unfinished and uncertified portions of its commenced projects, was Rs 315.31 crore as of June 1, 2007. Income from operations increased by a compounded annual growth rate of 234.35 per cent and the profit after tax has increased by a compounded annual growth rate of 471.51 per cent over the last three years.
The book running lead manager to the issue is Anand Rathi Securities
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