The public offer of RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, Andhra Pradesh, received overwhelming response from investors. The issue which opened for bids at NSE SME Emerge platform on September 25, 2017, subscribed 18.23 times on final day. The HNI and RII portion subscribed 30.37 and 7.92 times, respectively, as per data available on NSE. The shares will be listed on NSE Emerge on October 9,2017.
The Company is making a Public Offer of 63,80,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 45 per Equity Share, aggregating to Rs 2870 lakh.
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the period ended March 31, 2017 and for year ended on March 31, 2016, fiscal 2015 and fiscal 2014, Company’s total revenue was at Rs 197.24 crore, Rs 112.58 crore, Rs 70.84 crore, Rs 57.26 crore respectively, registering a CAGR of over 36%.
Further, EBITDA for the for the period ended March 31, 2017 and for year ended on March 31, 2016, fiscal 2015 and fiscal 2014 were Rs 28.37 crore, Rs 13.05 crore , Rs 9.43 crore and Rs 9.53 crore respectively, registering a CAGR of over 31%
For the period ended March 31, 2017, Company’s PAT grew over 86% since FY 2014. Company’s PAT stood at Rs 12.93 crore in FY 2017, Rs 3.34 crore in FY 2016, Rs 1.96 crore in FY 2015 and Rs 1.08 crore in FY2014, respectively.