RKEC Projects IPO

RKEC Projects IPO

RKEC Projects IPOBusiness description from prospectus – RKEC Projects is a construction company primarily engaged in the business of Civil Construction such as construction of Highways, roads and bridges. During the last decade, it has undertaken and successfully completed many construction projects in India covering states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan and Maharashtra. In addition to these, it has expanded presence to three more states, Kerala, Uttar Pradesh and Manipur, with ongoing projects.

The company’s core business is designing and undertaking construction projects such as Bridges, Ports, dams, high-rise structures, airports, cross water, roads, highways, Oil and gas Pipelines, complexes and environmental structures across India. It has attained good reputation among our clients because of track record, experienced members and a proven strength on delivery norms across its all spectrum of services. The company has entered into projects for diverse range of clients including Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR.

Promoters of RKEC Projects – Radhakrishna Garapati

RKEC Projects IPO details

Subscription Dates 25 - 28 September 2017
IPO Price band INR45 per share
Fresh issue 6,378,000 shares (INR28.70 crore)
Offer for sale Nil
Total IPO size 6,378,000 shares (INR28.70 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

RKEC Projects' financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 81.3 58.6 71.7 113.5 200.1
Total expenses 77.1 55.5 68.7 108.3 180.0
Profit after tax 2.8 1.1 2.0 3.2 13.1

RKEC Projects Contact Details

RKEC Projects Limited
Door No. 10-12-1, Rednam Alcazar, 3rd Floor
Opp: SBI Main Branch, Old Jail Road, Rednam Gardens,
Visakhapatnam, Andhra Pradesh -530020

Phone: +91 8912574517
Email: [email protected]
Website: www.rkecprojects.com

RKEC Projects IPO Subscription Details

Day

Subscription (no. of times)

Day 1 0.72
Day 2 0.93
Day 3 1.59
Day 4 18.22

 

RKEC Projects Valuation (latest FY)

Earnings Per Share (EPS): INR6.80

Price/Earnings (P/E) ratio: 6.62

Return on Net Worth (RONW): 33.59%

Net Asset Value (NAV): INR20.24 per share

Registrar of RKEC Projects IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

RKEC Projects IPO Allotment Status

RKEC Projects IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

LISTING PERFORMANCE OF RKEC Projects IPO

IPO Opening Date: 25 September 2017

IPO Closing Date: 28 September 2017

Listing Date: 9 October 2017

Listing Price on NSE SME: INR54 per share (up 20% from IPO price)

Closing Price on NSE SME: INR54 per share (up 20% from IPO price)

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