ADVERTISEMENT
ADVERTISEMENT

Kapston FM plans IPO

Kapston FM plans IPO
Highlights

A city-based Kapston Facilities Management Ltd will tap capital market to fund its expansion plan. Kapston is in the process of coming out with an initial public offer (IPO) to raise Rs21.19 crores and will list shares on NSE Emerge, a platform for small and medium enterprise (SMEs)

Hyderabad: A city-based Kapston Facilities Management Ltd will tap capital market to fund its expansion plan. Kapston is in the process of coming out with an initial public offer (IPO) to raise Rs21.19 crores and will list shares on NSE Emerge, a platform for small and medium enterprise (SMEs). With a primary aim to get listed shares on the NSE Emerge and to raise the requisite funds to meet business expansion programme and growing operational needs.

The company will issue 23,04,000 equity shares of Rs10 each at an offer price of Rs92 per share by diluting to the extent of 26.5 per cent equity share capital through a mix of offer for sale and issue of new shares. Since 2009, we designed and developed the skills and expertise to provide a complete range of security solutions, said Srikanth Kodali, promoter of Kapston.

Kodalri said: “With headquarters in Hyderabad and operations spanning across in four states-- Telangana, Andhra Pradesh, Karnataka and Tamil Nadu. At present, we have more than 6,500 employees and 400 plus esteemed clients, whilst complying to the norms of a 100 per cent statutory compliant company.”

Kapston recorded gross revenues and net profit of Rs117 crores and Rs6 crores respectively for the 2017-18 financial year. Pre-issue paid-up capital is Rs7.54 crores and post-IPO paid-up capital is would be Rs8.64 crores.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
More Stories


Top