Man Infraconstruction has filed a draft red herring prospectus (DRHP) with market regulator SEBI for its proposed public issue.
The city-based infrastructure firm will dilute 56,25,150 equity shares with a face value of Rs 10 each through the initial public offer (IPO), a company statement said.Man Infraconstruction, promoted by Managing Director Parag Shah and Mansi Shah, provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects.
The book running lead managers to the proposed IPO are IDFC-SSKI and Edelweiss Capital, the company said.Man Infra has executed projects for companies like Adani group, Bharti Airtel, Gujarat Pipavav Port Ltd, JNPT, Kohinoor Group, Jindal Stainless Steelway Ltd and Praj Industries, among others.
