R.P.P. Infra Projects Limited which had tapped the capital markets with its IPO in a price band of Rs 68-75 is to list on Monday at the BSE and the NSE. There would be a listing ceremony held at the BSE. The company had issued 65 lakh shares comprising of a fresh issue of 61 lakh shares and an offer of sale of 4 lakh shares and would have raised Rs 48.75 crs at the top end of the price band. The issue was open between the 18th and 22nd of November and was subscribed an overall 2.97 times primarily by HNI’s and retail investors. The QIB’s chose to ignore the issue and the same was subscribed 0.16 times.
R.P.P. Infra IPO to list on 6th December
December 5th, 2010
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