Lanco Infratech IPO was launched by LANCO Infratech Limited in November 2007. The price of the Lanco Infratech IPO was fixed at Rs 240 per share.
LANCO Infratech Limited is an India-based infrastructure development company. LANCO Infratech Limited was established in 1993 and its main business activity involves building infrastructure for power, construction along with property development. It operates through 23 subsidiary companies spread across 12 Indian states. The market capitalization of LANCO Infratech Limited is around US $ 4 billion. The main aim of floating of Lanco Infratech IPO was to fund the establishment of the various subsidiaries of the company.
Details of Lanco Infratech IPO are as follows -
Lanco Infratech IPO was launched in November 2007 by the India-based infrastructure development company, Lanco Infratech. The offer price for the Lanco Infratech IPO was fixed at Rs 240 per share and it was oversubscribed 11.88 times. The Lanco Infratech IPO constituted of 44,472,381 equity shares of Rs 10 each for cash, which was determined through 100% book-building process. A substantial portion of the proceeds from Lanco Infratech IPO are to be utilized for funding of its subsidiaries. The Lanco Infratech IPO was launched to fund its various power, construction and property development projects across India. The company plans to start power projects of 3275 MW generating capacity across various states of India. Further, the company is also slated to develop around 19.5 million square feet of property consisting of IT park, township and residential property in Hyderabad, India. The shares of the Lanco Infratech are listed in the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
