Monday, August 24, 2015

IPO NEWS : SADBHAV INFRASTRUCTURE PROJECTS IPO TO OPEN ON 31-08-2015

Sadbhav Engineering Ltd has informed the exchanges  that SIPL has filed its red herring prospectus dated August 21, 2015 with Registrar of Companies, Gujarat at Ahmedabad on August 21, 2015 in order to undertake an initial public offering of its equity shares.

The Issue consists of a fresh issue of equity shares of Rs. 10 each  aggregating up to Rs. 4,250 million and an offer for sale of up to 3,235,762 Equity Shares by Xander investment Holding s and up to 3,235,762 Equity Shares by Nonvest Venture Partners.

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