The Hyderabad-based, KMC Constructions Ltd, a diversified construction company, has finalised plans for a public float to part fund its expansion cum diversification plans of entering into solar power generation and BOT projects in railways.
KMC Constructions, has 10 BOT road projects, including 3 annuity and 7 tollways with an aggregate order book of Rs 9,000 crore, has had investments from 3i and SNC Lavalin.
Mr.M Gautham Reddy, MD, KMC Constructions, "Our company had investments of Rs 825 crore from 3i, SNC Lavalin including Rs 175 crore from IDFC, Blue River Capital and Sequoia Capital in the past. We are looking at the IPO to part divest the company's stake and offer exit route to some of the investors. The company is valued at over Rs 4,500 crore and we are looking at divestment of 10 per cent stake."
About KMC Constructions..!
Last financial year ended March 31, 2011, KMC Constructions with revenues of Rs 1,080 crore and it looking at a revenue of Rs 1,500 crore this year. All the existing projects and order book to be executed within 30 months.
KMC Constructions, has 10 BOT road projects, including 3 annuity and 7 tollways with an aggregate order book of Rs 9,000 crore, has had investments from 3i and SNC Lavalin.
Mr.M Gautham Reddy, MD, KMC Constructions, "Our company had investments of Rs 825 crore from 3i, SNC Lavalin including Rs 175 crore from IDFC, Blue River Capital and Sequoia Capital in the past. We are looking at the IPO to part divest the company's stake and offer exit route to some of the investors. The company is valued at over Rs 4,500 crore and we are looking at divestment of 10 per cent stake."
About KMC Constructions..!
Last financial year ended March 31, 2011, KMC Constructions with revenues of Rs 1,080 crore and it looking at a revenue of Rs 1,500 crore this year. All the existing projects and order book to be executed within 30 months.
Nice post,thank you for sharing ......... IPO Online
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