BS Transcomm Ltd, which provides towers to telecos and power transmission firms, would hit the capital market on October 6 to raise around Rs 200-crore by a public offer.
"The issue will be launched on October 6 and will close on October 8," a source close to the issue told PTI today.
The company has filed its red herring prospectus with the Registrar of Companies, Andhra Pradesh, at Hyderabad for the initial public offering (IPO) of 76,79,410 equity shares, he said.
The price band and the minimum bid lot will be decided by the company in consultation with the merchant bankers at least two working days prior to the issue opening date, he said.
The Hyderabad-based company expects to garner up to Rs 200 crore through the issue, he added.
The IPO proceed would be utilised to fund the expansion plans of the company.
The issue will constitute 35.10 per cent of the fully -diluted post issue paid-up capital of the company.
JM Financial Consultants is the sole book running lead manager to the issue.
Shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.
BS Transcomm is engaged in the manufacturing and supply of telecommunication and transmission towers, sub-station structures and providing service solutions to telecom infra and power transmission sectors.
The company supplies towers to entities such as Reliance Infratel, Wireless, TT Info Services, Indus Towers, Power Grid and others.
