RKEC Projects IPO is about to debut on 25 September 2017, with an issue size of 28.7CR. RKEC Projects Limited is an Indian infrastructure civil engineering construction company established in 2005. They specialize in Civil Construction and have experience in building Highways, roads, and bridges. The company designs and executes construction projects such as bridges, ports, dams, high-rise structures, airports, cross water, roads, highways, oil and gas pipelines, and environmental structures. Their client base is diverse and includes the Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited, and ESSAR.
Industry Overview
The company is primarily engaged in the business of Civil Construction, specializing in the construction of highways, roads, and bridges. They are also involved in designing and executing construction projects that encompass a wide range of infrastructure, including bridges, ports, dams, high-rise structures, airports, cross water, roads, highways, oil and gas pipelines, and environmental structures.
Their clientele is diverse and includes organizations in the Defence sector, Railways, Ports, Adani Port, Vedanta Ltd, IVRCL Limited, Rashtriya Ispat Nigam Limited, and ESSAR. The company is committed to delivering high-quality infrastructure projects that meet or exceed its client’s expectations. With a focus on innovation and sustainability, RKEC Projects Limited has earned a reputation as a trusted partner for infrastructure development in India.
RKEC Projects IPO Details
| IPO Date | Sep 25, 2017 to Sep 28, 2017 |
| Listing Date | Oct 9, 2017 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,378,000 shares(aggregating up to ₹28.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials (in INR crore)
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 81.3 | 58.6 | 71.7 | 113.5 | 200.1 | |
| Total expenses | 77.1 | 55.5 | 68.7 | 108.3 | 180.0 | |
| Profit after tax | 2.8 | 1.1 | 2.0 | 3.2 | 13.1 |
Objects of the Issue
The object of the issue are:
1. To meet working capital requirement
2. General corporate purpose
RKEC Projects IPO Prospectus
Company Contact Information
RKEC Projects Ltd
Door No.10-12-1 Rednam Alcazar,
Old Jail Road Rednam Gardens,
Visakhapatnam – 530020
Phone: +91-891-2574517
Email: info@rkecprojects.com
Website: http://www.rkecprojects.com
RKEC Projects IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
RKEC Projects IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
