Mumbai (India) September 29th: Vishnusurya Projects and Infra Limited, one of the leading players in the fields of construction, infrastructure development, mining, and aggregates, has announced its plans to go public with an Initial Public Offering opening on September 29, 2023. The company is aiming to raise 4,998.00 Lakhs through this IPO, with the equity shares proposed to be listed on the Emerge platform of the National Stock Exchange of India Limited. The IPO comprises a new series of 73,50,000 equity shares with a face value of 10 each.
The IPO's net proceeds will be utilized for the Company's working capital requirements, repaying or prepaying outstanding borrowings, and for general corporate requirements. The issue is to be closed on October 5th, 2023.
Khandwala Securities Limited, the lead manager of the issue, is responsible for the management. Cameo Corporation Limited, the registrar of the issue, is responsible for the transaction.
We have executed a diverse range of construction and infrastructure projects, benefiting from our over two decades of experience and the government's emphasis on infrastructure, said Sanal Kumar V, whole time director & CEO of Vishnusurya Projects and Infra Limited. Our proficiency in handling intricate infrastructure projects can be boosted by the application of novel technologies. Our use of state-of-the-art crusher plants and crusher sand plants gives us a production advantage in the mining sector.