NKG Infrastructure, an infrastructure and power sector EPC (erection, procurement and construction) player, plans to float an initial public offering (IPO) in the second week of April, to raise about Rs 80-90 crore for funding its expansion plans.
The company plans to issue 63 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process constituting 44.41 per cent of the fully-diluted post-issue paid-up capital.
NKG Infrastructure has filed the draft red herring prospectus (DRHP) with the Sebi, said company officials.
