Incorporated in 1995, KNR Constructions Ltd an infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors; viz., roads & highways, irrigation and urban water infrastructure management. KNR Constructions Ltd. has in the past executed infrastructure projects independently as well as through joint ventures. Currently, most of the road projects under execution are with its joint venture partner, Patel Engineering Limited with whom it has business association for the past 7 years. As on June 30, 2007, it has 24 projects on hand across various states in India covering Uttar Pradesh, Madhya Pradesh, Assam , Andhra Pradesh, Karnataka, and Tamil Nadu.
The Company has the ability to bid, execute and implement medium and large size projects across various infrastructure segments. Its project execution strength primarily lies in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges wherever integral to the projects undertaken. KNR Constructions Ltd. has significant experience and strong track record in timely and successful execution of projects. It has earned significant reputation and goodwill in road construction sector, as demonstrated by the repeat orders received by it on continuous basis. It has a good clientele base and qualified and experienced employees led by a proven management team. It has expertise in sourcing and maintaining supply chain for raw material and a strong order book position. The Company has successfully completed major projects such as: a) the four-laning of NH-24 from Km.27.643 to 48.638 and construction of the Hapur Bypass in Uttar Pradesh; b) rehabilitation and upgrading of Surat-Manor section of NH-8 (Gujarat); c) widening to 4 lanes and rehabilitation of existing 2-lane carriageway of Krishnagiri-Vaniyambadi section of NH-46 (Tamil Nadu); d) widening to 4/6 lanes and strengthening of the existing 2-lane carriageway of NH-5 in the state of Andhra Pradesh from km.178.00 to 222.00 (Nellore-Kavali) in Andhra Pradesh; and e) major maintenance works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
Objects of the issue :
o Further Equity investment in BOT projects
o Purchase of capital equipment.
o For meeting working capital requirement.
o For general corporate purposes.
The Company has the ability to bid, execute and implement medium and large size projects across various infrastructure segments. Its project execution strength primarily lies in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges wherever integral to the projects undertaken. KNR Constructions Ltd. has significant experience and strong track record in timely and successful execution of projects. It has earned significant reputation and goodwill in road construction sector, as demonstrated by the repeat orders received by it on continuous basis. It has a good clientele base and qualified and experienced employees led by a proven management team. It has expertise in sourcing and maintaining supply chain for raw material and a strong order book position. The Company has successfully completed major projects such as: a) the four-laning of NH-24 from Km.27.643 to 48.638 and construction of the Hapur Bypass in Uttar Pradesh; b) rehabilitation and upgrading of Surat-Manor section of NH-8 (Gujarat); c) widening to 4 lanes and rehabilitation of existing 2-lane carriageway of Krishnagiri-Vaniyambadi section of NH-46 (Tamil Nadu); d) widening to 4/6 lanes and strengthening of the existing 2-lane carriageway of NH-5 in the state of Andhra Pradesh from km.178.00 to 222.00 (Nellore-Kavali) in Andhra Pradesh; and e) major maintenance works under Uttar Pradesh State Road from Azamgarh to Ghazipur.
Objects of the issue :
o Further Equity investment in BOT projects
o Purchase of capital equipment.
o For meeting working capital requirement.
o For general corporate purposes.
- Open - 24 Jan
- Close - 29 Jan
- Issue Type -100% Book Building Issue
- Issue Size - 7,874,570 Equity Shares Of Face Value Rs.10 Each
- Issue Price - Rs 170/- to Rs 180/- Per Equity Share
- Maximum Subscription Amount for Retail Investor: Rs 100,000/-
- Listing - BSE, NSE
- Lead Manager- AXIS BANK Limited
- Registrar - Intime Spectrum Registry Limited
- Phone - 022 25960320
- Email - knr.ipo@intimespectrum.com
- Website - www.intimespectrum.com
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