The initial public offering (IPO) of Capacit’e Infraprojects was subscribed by 4.62 times on Thursday, the second day of the issue with investors bidding for 5.27 crore shares of the 1.14 crore shares on offer. The qualified institutional buyers bid 1.80 crore shares on the first day of the IPO. High net worth individuals (HNIs) bid for 6.78 lakh shares and retail investors bid for 3.40 crore shares. On Tuesday, Capacit’e Infraprojects allotted 48 lakh equity shares at Rs 250 aggregating to Rs 120 crore to 15 anchor investors including DSP Blackrock India T.I.G.E.R Fund, Goldman Sachs, HSBC Global Investment Funds, ICICI Prudential Growth Fund and SBI Infrastructure Fund among others.
Capacit’e Infraprojects, a Mumbai-based construction company has priced its initial public offering (IPO), aimed at raising up to Rs 400 crore, between Rs 245 to Rs 250 per equity share. The shares have a face value of Rs 10. The IPO comprises fresh issuance of shares up to Rs 400 crore.
Marathon Capital Advisory is the advisor to the issue. The company proposes to utilize the net proceeds of the issue for funding working capital requirements, funding purchase of capital assets and general corporate purposes.
Capacit’e Infraprojects is focused on residential, commercial and institutional buildings. CIL provides construction services for residential buildings, multi-level car parks, corporate office buildings and buildings for commercial purposes and buildings for educational, hospitality and healthcare purposes.