The Hindu Business Line : C&C files for initial public offering

C&C Constructions Ltd, a Gurgaon-based infrastructure project development company, has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).

The company proposes to make an IPO through 100 per cent book building issue. The public offer will constitute 5,477,634 equity shares of Rs 10 each. The issue shall constitute 30 per cent of the fully diluted post-issue capital of the company.

Edelweiss Capital Ltd is the book running lead manager to the issue. The net proceeds of the issue would be used for funding the company's capital expenditure requirements, augmenting its working capital resources and for investment in various BOT (build operate and transfer) projects.

The company, incorporated in 1996, is an infrastructure project development company that provides engineering, procurement and construction services for infrastructure projects in India and Afghanistan. It has been involved in engineering projects, including roads, bridges, flyovers and airport runways.

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C&C files for initial public offering