Incorporated in 1995, KNR Constructions Limited is an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.
KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh.
Some of the major projects completed by KNR:
- Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.
- Rehabilitation and upgrading of Surat (Gujrat).
- Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.
- Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.
- Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
CRISIL IPO Grade:
KNR Constructions Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average, in relation to other listed equity securities in India.
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
- Further Equity investment in BOT projects;
- Purchase of capital equipment;
- For meeting working capital requirement;
- For General Corporate Purpose.
KNR Constructions Limited IPO Information
»» Public Issue Open: January 24, 2008 to January 29, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 7,874,570 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 170/- to Rs. 180/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager: Axis Bank Limited
»» Registrar : Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email: knr.ipo@intimespectrum.com)
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