RPP Infra Projects Obtained SEBI Nod For IPO Issue

RPP Infra Projects Obtained SEBI Nod For IPO IssueA construction company RPP Infra Projects, involved in the business of infrastructure development like roads, bridges and highways, has obtained Securities and Exchange Board of India nod for it’s planned IPO.

The firm plan to enter the capital markets with a ipo issue of 65,00,000 equity stocks of Rs. 10 every via a book building procedure. The IPO issue contains a new issue of 61,00,000 equity stocks by RPP Infra Projects as well as a deal for sale of 4,00,000 equity stocks through the promoters. The issue will comprise 28.76percent of the post issue paidup capital of the firm and also the total issue will comprise 26.99percent of the post issue paidup capital of the firm

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