Capacit’e Infraprojects files DRHP for INR400 crore IPO

Capacit’e Infraprojects Ltd has filed draft red herring prospectus with SEBI for launching its IPO. In a statement, the company said the upcoming IPO will raise up to INR400 crore (INR4 billion). Capacit’e Infraprojects IPO proceeds will be used for working capital requirements, purchase of capital assets (system formwork) and for general corporate purposes.

The IPO of the real estate construction company will be managed purely on book-building basis and price band will be decided later. Capacit’e Infraprojects IPO will be managed by Axis Capital Limited, IIFL Holdings Limited and Vivro Financial Services Private Limited while Karvy Computershare Private Limited has been appointed the registrar.

Capacit’e Infraprojects is a fast growing construction company focused on Residential, Commercial and Institutional buildings. In its statement, the company claimed to have an order book of over INR4,000 crores as on 31 January 2017 comprising 51 ongoing projects. The company’s consolidated revenue from operations grew from INR214.3 crore for fiscal year 2014 (FY2014) to INR853.3 crore in FY2016 and INR847.4 crore during the nine month period ended 31 December 2016.

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Capacit’e Infraprojects provides end-to-end construction services for residential buildings, multi-level car parks, corporate office buildings and buildings for commercial purposes, buildings for educational and healthcare purposes. The company’s capabilities include constructing concrete building structures as well as composite steel structures. Capacit’e Infraprojects also provides mechanical, electrical and plumbing and finishing works. The company predominantly operates in the Mumbai metropolitan region (MMR), the National Capital Region (NCR) and Bengaluru. The company’s operations are geographically divided into West Zone including MMR and Pune; North Zone including NCR and Patna; and South Zone including Bengaluru, Chennai, Hyderabad and Kochi.

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Last year, Dilip Buildcon came up with its IPO while G R Infraprojects IPO has received regulatory approvals to launch its public offer.

Capacit’e Infraprojects files DRHP for INR400 crore IPO
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Krishna Bagra

Coming from a family of investors and financial analysts, Krishna learnt wading through regulatory filings pretty early in her career. At IPO Central, Krishna plays twin roles of contributor and head of research desk. She can also be reached at +krishnabagra .

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