RPP Infra Projects IPOs

RPP Infra Projects IPOsRPP Infra Projects Limited announced its initial public offer open on November 18, and would remain open for subscription till November 22. “RPP Infra ” increase nearly Rs 49 crore – through the IPO issue and provide 6,500,000 Equity Shares, The price band of the issue to be around Rs, 68 – Rs, 75

The companny is in the business of infrastructure development like Bridges , Roads and Highways . Firm is also engage in civil work such as Water Management projects,SEZ Development, Power and Irrigation Projects.

RPP Infra Projects primarily concentrated in Southern states such as Andhra Pradesh, Andaman Nicobar, Karnataka and Tamil Nadu . Company is additionally doing a Railway projects in Srilanka.

RPP Infra has excellently carried out more than 200 civil construction projects up to now throughout numerous segments. In last fifteen years firm has improved capabilities to carry out big infrastructure projects.

Face Value; Rs.10
IPO Size; 6,500,000 Equity Shares
Minimum Order Qty: 80 Stocks
Market Lot: 80 Stocks
Issue Type is 100%  Book Building

IPO Grade for RPP Infra

Fitch  allocated IPO grade ‘2’ to the IPO of  RPP Infra Projects Ltd , this shows that the fundamentals of the issue are “below average”

I think price is over valued so avoid this stock, chance for down up to 45 price level   by nsestocktips.in vm.venkatesh

(only Over view not a recommendations)

Conduct details

Address: P and C Tower 140 Perundurai Main Road, Erode 638 011 India
Phone number; 91 424 225 9022 Fax detail;. 91 424 225 3130
Email address; ipo@rppipl.com
Website Url; http://www.rppipl.com

Tags

rpp infra ipo, analyst view rpp infra ipo, subscriptions status,  subscriptions details, Recommendations, ipo subscriptions form and  ipo subscription process of rpp infra ,

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