Sadbhav Infrastructure Project (SIPL), a subsidiary of Sadbhav Engineering, has filed its red herring prospectus with Registrar of Companies, Gujarat at Ahmedabad in order to undertake an initial public offering of its equity shares (issue).
The issue consists of a fresh issue of equity shares of Rs. 10 each aggregating up to Rs. 4,250 million. Xander investment Holding XVII and Nonvest Venture Partners VII-A-Mauritius have put 3,235,762 shares each on offer for sale.
The issue opens on Aug. 31, 2015 and closes on Sept. 2, 2015. The anchor investor issue period shall be one working day prior to the issue opening date.
Shares of Sadbhav Engineering gained Rs 5.95, or 1.82%, to trade at Rs 333.70. The total volume of shares traded was 28,843 at the BSE (3.13 p.m., Friday).
