VKS Projects has filed a DRHP

VKS Projects has_filed a DRHP (draft red_herring prospectus) with_market regulator Securities and Exchange Board of India for an IPO of Rs 55 cr.

The firm may also think about pre_IPO placement of up to 10 lk equity stocks and/or aggregate up to Rs 12 cr.

VKS plans to utilize issue proceeds for working capital needs (of Rs 15 cr), purchase of construction devices and also important machineries (with cost of Rs 22.64 crore) and establishing of engineering_design studio/office and training_centre in Cochin, Delhi,Chennai, Hyderabad and Ahmedabad

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