Power Mech Projects Limited has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for its proposed IPO of 4,269,000 equity shares of face value Rs 10 each at a price to be decided by the Book Building process.
The offer comprises a fresh issue of 2,128,000 equity shares and an offer for sale of 2,141,000 equity shares.
Kotak Mahindra Capital Company Limited, India Infoline Limited and Motilal Oswal Investment Advisors Private Limited are the book running lead manager to the offer. Karvy Computershare Private Limited is the registrar to the issue.
Power Mech Projects executes projects in the power sector, Infrastructure and petrochemicals. Established in 1999, over 15 years the company has been associated with construction of power projects including Ultra Mega Power Projects.