Shriram EPC has fixed the price band for its initial public offering at Rs 290-330 per share. The issue will open on 29 January 2008 and close on 1 February 2008.The company will offer 50 lakh equity shares to raise Rs 165 crore at the upper end of the price band.
The issue will constitute 11.66% of the fully-diluted post-issue equity capital of the company, valuing it at about Rs 1400 crore.
Shriram EPC provides engineering, procurement, construction and project management services. The funds raised through the issue would be used to invest in its subsidiary and associate companies.|