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MEP Infra IPO to open on 21 April 2015
Published on April 20, 2015
Mumbai : Toll management company MEP Infrastructure Developers’ Rs 324 crore initial 
public offer (IPO) will hit the capital markets on April 21.The price band for the IPO has been set at Rs 63 to Rs 65 per share. The issue will close on 23 April 2015.
Through the issue of 5.14 crore shares in the upcoming IPO, MEP Infrastructure Developers intends to utilise the net proceeds of the offer to repay in part or full loans availed by its subsidiary MIPL and to generate corpus fund.
The bidding for shares in the IPO will open April 21 and close on April 23.
MEP Infrastructure Developers would be the fifth company to hit the capital markets this year.
The company, promoted by the Mhaiskar family, plans to enter capital markets with a public issue of equity shares worth up to Rs 324 crore.
The proceeds of the issue would be utilised for repayment of certain loans and for general corporate purposes.
The issue is being managed by IDFC Securities Ltd, Inga Capital Pvt Ltd and IDBI Capital Market Services Ltd.
The company, along with its subsidiaries, has operated 68 projects with an aggregate of 122 toll plazas and 783 lanes across 12 states in the country.
Source : Sachin Murdeshwar
