Gammon Infrastructure Projects files DRHP with ROC

Gammon Infrastructure Projects Ltd (GIPL), a subsidiary of Gammon India Ltd, has filed the Red Herring Prospectus with the Registrar of Companies, Maharashtra in connection with its 'Initial Public Offer' of 1,65,50,000 equity shares of the face value Rs 10/- each, comprising a net issue of 1,48,95,000 equity shares to the public and a reservation of 16,55,000 equity shares for eligible employees.

The IPO is being made on 100% book building route, with the price band being Rs 167/- to Rs 200/-.

The issue will remain open from March 10, 2008 to March 13, 2008.

Gammon Infrastructure Projects Limited ("GIPL") is an infrastructure project development company promoted by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership ("PPP") basis.

GIPL leads Gammon's forays into development of infrastructure projects on PPP basis across sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure.

Source : Equity Bulls

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