Mumbai-based real estate developer Capacit’e Infraprojects has priced its initial public offer at Rs 245-250 per share.
The company said it will open its Rs 400 cr IPO on Wednesday, Sep 13 and close it on Sep 15.
Up to 50% of the issue will be allocated to institutional investors, and within this, up to 60% to anchor investors.
One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to interest.
5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than anchor investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price, the company added.
Not less than 15% of the issue shall be available for allocation to non-institutional investors and not less than 35% of the issue shall be available for allocation for retail individual investors.
Capacit’e Infraprojects constructs residential buildings, multi-level car parks, corporate office buildings and buildings for commercial purposes and buildings for educational, hospitality and healthcare purposes.
It operates in Mumbai, NCR and Bangalore.
The IPO is being managed by Axis Capital, IIFL Holdings and Vivro Financial Services.
The company will use money for working capital requirements, purchase of capital assets and general corporate purposes.
