RPP Infra Projects IPO to hit markets on November 18, 2010

The Initial Public Offering (IPO) of R.P.P. Infra Projects Limited will open for subscription by investors on Thursday - November 18, 2010.

The company is coming out with a public issue of 65,00,000 equity shares of Rs.10 each for cash at a price band of Rs.68 to Rs.75 through 100% book building process.

The Minimum Order Quantity is 80 Equity Shares and in multiples of 80 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000. This is the first IPO which gets the benefit of enhancement of subscription amount for retail investors.

The Rating Agency Fitch Ratings India Private Limited has assigned IPO Grading of IPO Grade 2.

VC Corporate Advisors Private Limited is the Book Running Lead Manager to the IPO. Comfort Securities Private Limited and VC Corporate Advisors Private Limited are the Syndicate Members to the IPO.

Cameo Corporate Services Limited is the registrar to the company.

The IPO closes for subscription on Monday - November 22, 2010.

Source : Equity Bulls

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