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January 26, 2008

KNR Constructions Limited IPO

KNR Constructions Limited IPO


24-Jan to 29-Jan 2008

Size (Equity Shares)



100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 170 to Rs 180

Market Lot 


Max shares Retails investor can apply at cut off

525 shares (Rs.525)


Intime Spectrum Registry Ltd

Registrar's email

Lead Manager 

Axis Bank Limited




CRISIL IPO GRADE 3/5, indicating that the fundamentals of the issue are average

About the company 

Established: 1995

Business: Infrastructure project development company providing engineering, procurement and construction services across various fast growing sectors namely roads & highways, irrigation and urban water infrastructure management.

KNR's project execution strength primarily is in road transportation engineering projects namely construction and maintenance of roads, highways, flyovers and bridges. Presently they are executing 24 contracts spread across various states in the country. KNR's clients are governmental agencies like the NHAI, and public works department under the State Governments of Andhra Pradesh, Madhya Pradesh, Karnataka, Tamil Nadu and Uttar Pradesh. Some of the major projects completed by KNR:

Four laning of NH-24 from Km.27.643 to 48.638 and construction of Hapur Bypass in Uttar Pradesh.

Rehabilitation and upgrading of Surat (Gujarat).

Widening to 4 lanes and Rehabilitation of Existing 2-lane carriageway of Krishnagiri- Vaniyambadi in the State of Tamil Nadu.

Widening to 4/6 lanes and strengthening of the existing 2-lane carriageway in the state of Andhra Pradesh.

Major Maintenance Works under Uttar Pradesh State Road from Azamgarh to Ghazipur.

Objects of the Issue

Further Equity investment in BOT projects;

Purchase of capital equipment;

For meeting working capital requirement;

For General Corporate Purpose

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