Supreme Infrastructure India Ltd. IPO

September 19, 2007

Supreme Infrastructure India Limited (SIIL) IPO opens on September 21, 2007 and closes on September 26, 2007.

SIIL is proposing a public issue of 34,75,000 equity shares of Rs. 10 each. The price band is fixed between Rs. 95 and Rs. 108 per share. The issue constitutes 25.05% of the post issue paid -up capital of the company.

“The proceeds of the proposed IPO will be to part-finance our expansion plans and meet its long-term capital requirements,” SIIL’s Managing Director Vikram B Sharma said.

“It will help us generate capacities to bid for bigger, more complex projects and enable us to compete better due to enhanced capacity and technical ability,” he said.

The equity shares of the company will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Supreme Infrastructure India Limited is engaged in the business of construction of roads, highways, widening of highways and execution of contracts awarded to it (based on tenders / bids submitted by it) by various agencies, such as Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Public Works Department (PWD), Municipal Corporation of Greater Mumbai (MCGM), Mumbai Port Trust (MPT), Mumbai Transport Project, Railway (MTP), Airports Authority of India (AAI), Bombay Municipal Corporation (BMC), RCF Ltd. and also from some private sector companies.

Posted in IPO, IPO Subscription Details, IPO Price Band