RKEC Projects Ltd IPO

RKEC Projects Ltd IPO

Issue Open

Jan 01, 1970

Price Band

₹ 45

Issue Size

₹ 28.70 Cr

Credit of Shares to Demat

-

Issue Close

Jan 01, 1970

Bid Lot

3000

Listing Exchange

NSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 09, 2017

Refunds

-

About the company:

 

RKEC Ltd is a construction company that constructs bridges, roads and highways. They have undertaken and successfully completed many construction projects in India covering states of Andhra Pradesh, Tamil Nadu, Gujarat, Odisha, Rajasthan and Maharashtra

Date of establishment:   RKEC Projects Limited was incorporated in 2005

 

Product & Service Offering: It  designs and undertakes construction projects such as Bridges, Ports, dams, high-rise structures, airports, cross water, roads, highways, Oil and gas Pipelines, complexes and environmental structures across India

Promoters of RKEC Projects India Limited: Radhakrishna Garapati is the promoter RKEC Projects Limited

 

Customer segment: Its client includes Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited and ESSAR etc.

 

Objects of the Issue:  The objects of the Offer is to:-
-     To meet  Working Capital Requirement
-     To meet General Corporate Purpose 

 

Company Financials:

 

RKEC Projects' financial performance (in INR crore)

   

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

 

79.03

67.87

56.40

112.48

112.52

Total revenue

 

81.3

58.6

71.7

113.5

200.1

Total expenses

 

77.1

55.5

68.7

108.3

180.0

Profit after tax

 

2.8

1.1

2.0

3.2

13.1

 

 

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