February 2, 2010 : ARSS Infrastructure Projects Ltd., a company engaged in construction of railway infrastructure, roads, highways, bridges and irrigation projects in India, is coming up with an IPO of Equity Shares having a Face Value of Rs.10/- each

The Issue Size of the IPO is about Rs.103 Crores. The Equity Shares will be offered in a price band of Rs.410/- to Rs.450/- per equity share. The IPO opens for subscription from Monday, February 08, 2010 and will remain open till Thursday, February 11, 2010

ARSS Infrastructure Projects Ltd. has business activities in the zonal jurisdictions of East Coast Railway, South Eastern Railway, South East Central Railway, Southern Railway and North Western Railway. The Equity Shares of the IPO will be listed on both the Bombay Stock Exchange(BSE) and National Stock Exchange(NSE)

Objects of the Issue:

The objects of the Issue are to raise funds for

1. Investment in joint ventures;
2. Funding long term working capital requirement;
3. General corporate purpose;
4. Public issue expenses.

Issue Detail :

  1.  Issue Open: Feb 08, 2010 - Feb 11, 2010
  2.  Issue Type: 100% Book Built Issue IPO
  3.  Issue Size: Equity Shares of Rs. 10
  4.  Issue Size: Rs. 103.00 Crore
  5.  Face Value: Rs. 10 Per Equity Share
  6.  Issue Price: Rs. 410 - Rs. 450 Per Equity Share
  7.  Listing At: BSE, NSE

Book Running Lead Manager(s) :

1. IDBI Capital Market Services Limited

2. SBI Capital Markets Limited

Registrar of the Issue :

Bigshare Services Pvt. Ltd