Simplex Projects Limited is all set to tap the capital markets with an IPO opening for subscription on 10 July 2007. Simplex Projects Limited is a leading Kolkatta based infrastructure and construction company. Simplex Projects Limited has a large client base (which includes the likes of DLF) and an order book exceeding Rs. 300 crores. This gives good earnings visibility for Simplex Projects Limited.
Simplex Projects Limited is engaged in construction of bridges, water supply / sewage facilities and car parks. Recently, Simplex Projects Limited received orders from DLF to build parking lots in its malls. The Simplex Projects IPO opens for subscription on Tuesday, 10 July 2007 and closes for subscription on 13 July 2007. Simplex Projects Limited has priced its IPO between Rs. 170 and Rs. 185 and the IPO lot size is 30 shares. Hence retail investors can apply for a minimum of 30 shares and a maximum of 540 shares in the Simplex Projects IPO.
The IPO issue size of Simplex Projects IPO is pretty small at about 55.5 crores. The proceeds from the IPO will be used by Simplex Projects Limited for meeting its capital expenditure and working capital requirements. Post IPO, the shares of Simplex Projects Limited will be listed on the National stock exchange (NSE) and the stock exchange, Mumbai (BSE). The lead manager for Simplex Projects IPO is UTI Securities Ltd. The registrar for the Simplex Projects IPO is Centrum.
For updates on the subscription / oversubscription ratio of Simplex Projects IPO and to know the allotment status, refund details and listing date of Simplex Projects IPO, do check this blog regularly.
