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Business EconomyPosted at: Jul 13 2018 7:59PM


REPL IPO gets listed on NSE

New Delhi, July 13 (UNI) The Integrated Urban Development & Infrastructure Consultancy firm Rudrabhishek Enterprises Limited (REPL) on Friday got listed at the National Stock Exchange (NSE) and launched its Initial Public Offerings (IPO).
Addressing mediapersons here, REPL CMD Pradeep Misra said the company has orders worth more than Rs 210 crore in hand and the order book is growing. IPO funds will help the company further expand its footprint across new infrastructure domains and new geographies, he added.
He said REPL is a zero-debt company and has been paying 100 per cent dividend for the last 11 years.
The company, in its stock market launch, offered 45, 69,000 equity shares at a price of Rs 41 each, which translated to an issue size of around Rs 18.73 crore.
The issue was open for subscription from June 29 to July 5. During the period, the issue was fully subscribed.
The share is listed on the Emerge platform of the NSE. The lead managers were Khambatta Securities Ltd and Corporate Capital Ventures Pvt. Ltd.
He said the company is working on important government projects, including the Pradhan Mantri Awas Yojana-Housing for All (Uttar Pradesh, Bihar, Rajasthan & Himachal Pradesh), Smart City projects (Varanasi Smart City, Indore Smart City, Kanpur Smart City & Dehradun Smart City) and private projects including Paarth Aadyant and Arka (Lucknow), Navyug Smart City (Allahabad), TCDL (Shona).
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