IPO Issue Details
Issue Price / Price Band₹138 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size50 Shares per Lot
Total Issue Size43,47,826 shares (aggregating up to ₹60.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 19 Sep 2011
Subscription CloseWed, 21 Sep 2011
Anchor AllotmentSun, 18 Sep 2011
Basis of AllotmentTue, 27 Sep 2011
Initiation of RefundsWed, 28 Sep 2011
Credit of Shares to DematWed, 28 Sep 2011
Listing DateTue, 04 Oct 2011
UPI Mandate Deadline2011-09-21
Application & Investment Details
Retail — Min (1 Lots)₹6,900 — 50 shares
Retail — Max (13 Lots)₹89,700 (13 Lots)
HNI — Min (29 Lots)₹2,00,100 — 1,450 shares
Pre-IPO Promoter Holding82,20,000 shares
Post-IPO Promoter Holding1,25,67,826 shares
About Prakash Constrowell Ltd.
Incorporated in 1996, Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction.Company mainly operates in the three segments of construction:1. Infrastructure development includes construction and maintenance of roads / highways, bridges, including projects on public private partnership (PPP) model, industrial parks, workshops, hospitals, educational institutions;2. Civil construction includes Government staff quarters, hostel buildings and auditoriums;3. Residential and commercial real estate construction.Prakash Constrowell is headquartered at Nasik, Maharashtra and has operations across the state of Maharashtra. Comapny has successfully executed a range of construction projects in the state of Maharashtra. Client list includes Public Works Department, Maharashtra State, National Building Construction Corporation (NBCC), Maharashtra State Police Housing & Welfare Corporation (MSPHWC), Maharashtra State Road Transport Corporation (MSRTC), Maharashtra State Electricity Distribution Company Ltd. (MSEDCL), Maharashtra State Power Generation Company Ltd, (MSPGCL), Indian Oil Corporation (IOC) etc
Objects of the Issue
Prakash Constrowell Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
35.00
2
2 Investment in Construction Equipments
9.30
3
3 Investment in Subsidiaries
2.35
4
4 General Corporate Purposes
7.44
Shareholding & Lock-in
Pre-IPO Promoter Holding
82,20,000 shares
Post-IPO Promoter Holding
1,25,67,826 shares