Shriram EPC Limited IPO

Incorporated in 2000, Shriram EPC Limited is a service provider of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal services sector projects and one of India's leading 250KW wind turbine generator ('WTG') manufacturers.

Company's engineering, procurement and construction business is focused on providing integrated turnkey solutions for biomass-based power plants, bio-ethanol production plants, process and metallurgy plants (including thermal power plants), water and wastewater treatment plants, water and sewer infrastructure and pipe rehabilitation. Their WTG business has been focused on developing, manufacturing, erecting and commissioning 250KW WTG, and is currently developing megawatt-class WTGs.

Shriram businesses are categorized into two segments:

1. Engineering, procurement and construction (“EPC”) projects and development, sale and maintenance of WTGs.
2. EPC business which focuses on renewable energy, process and metallurgy and municipal services projects.

They have completed wind energy projects for WTG business throughout India, particularly south India, and internationally in Zambia and France & EPC project across 16 states 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 to:
1. Investment in subsidiary and Associate Companies;
2. Meet general corporate purposes;
3. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Shriram EPC Limited IPO Information

»» Public Issue Open: January 29, 2008 to February 01, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 5,000,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 290/- to Rs 330/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: ICICI Securities Limited, Motilal Oswal & Kotak Mahindra.
»» Registrar: Cameo Corporate Services Ltd (Ph: +91-044-2846 0390 Email: shriramepc@cameoindia.com )