The price band is between Rs 170 and Rs 180 per equity share.

The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.

The proceeds from this issue are intended to be deployed for further equity investment in BOT projects and contribution towards the unsecured loan portion in the BOT Project (namely AP-07). The issue proceeds will also be used for purchase of capital equipment; and for meeting working capital requirement.

KNR Constructions provides engineering, procurement and construction (EPC) services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.

Presently, the Company is executing 3 irrigation projects of which one is with its joint venture partner Backbone Projects Limited [KNR-BPL (JV)] and two with its joint venture partner Sri Laxmi Engineering Co. [KNR-SLEC (JV)] with a contract value of its share including the value of work sub-contracted by KNR-BPL (JV) aggregating approximately Rs 1, 912.80 million. As on November 30, 2007, it has executed work aggregating approximately Rs 456.34 million and balance order book aggregating approximately Rs 1, 456.46 million is under execution.
 
The book running lead manager to the issue is Axis Bank Limited. The co-book running lead manager to the issue is Batlivala & Karani Securities India Private Limited.