Capacite Infraprojects Enters the Capital Market with IPO

Mumbai based Capacite Infraprojects Limited launched its IPO in the market on 13th September. The company aimed to collect INR 400 crores through its IPO. The initial rate per share expected by Capacite was in the price band of INR 245 to 250. The IPO will remain open for two days and it will be closed for public on 15th September, 2017. The funds collected through the IPO will be used by Capacity to fund its capital requirements to the tune of INR 250 crores, purchase of capital assets to the tune of INR 51.95 crores and the balance amount for other general purposes.

The company operates in Mumbai Metropolitan Region, Pune, National Capital Region, Patna, Chennai, Hyderabad, Kochi, Bengaluru and Vijaywada. As of May 2017 it had a total order booking of INR 4,602.48 crores spread under residential, commercial and institutional construction segment. In FY 2017 the company showed a consolidated revenues of INR 1,157 and an outstanding borrowings of INR 316.34 crores.

At present the promoters and promoter group hold 57.29% shareholding in the company and the balance shares are under public holding. There are three main promoters of Capacite, brothers’ Rohit Katyal and Rahul Katyal, and Subir Malhotra who collectively hold 37.51% shares of the company.

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