The issue, with a price band fixed at Rs 170 to Rs 178 apiece, opens on August 25 and closes on August 27.
"There is a huge potential for the pre-engineered building systems mainly due to various initiatives taken by government in various sectors like infrastructure, affordable housing, agriculture, industrial development, among others.
"We plan to raise Rs 156 crore not only to repay our working capital facilities but also to expand our business to meet the growing demand," PEBS Managing Director PV Rao told reporters here today.
He said the company is looking at organic as well as inorganic growth and plans to increase its share from international sales to nearly 10-16 per cent by FY18.
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"We are present in the Middle East market and at some regions in the African market as well. But we have realised that the African market is yet untapped and we want to expand our presence there.
"We have been providing our engineering services in these markets. We will also export our products in these markets. In the next two years, by FY18, we expect the contribution from international sales to increase to 10-15 per cent from the current 2-3 per cent," Rao said.
"Currently, we have a manufacturing facility in Hyderabad with a capacity of 90,000 tonnes which is catering to western and southern markets.
"But we now want to expand our presence in northern markets as well and so we plan to set up a facility of around 30,000 tonne in either Rajasthan or Gujarat, wherever we get the necessary land," Rao said.
The merchant bankers for the issue are Motilal Oswal, Axis Capital, Karvy Investment Banking and Karvy Computershare.