UNITY INFRAPROJECTS LTD-IPO
Issue Opens: 19 May, 2006
Issue Closes: 24 May, 2006
Issue Size : 3,343,000 (No. of Shares)
Lower Price Band : Rs.651
Upper Price Band : Rs.732
Application Multiple: 9 and in multiples there off starting with atleast 9 shares.
Maximum Shares: 135 (for Retail)
Information URL : http://www.unityinfra.com
Prospectus URL : http://www.sebi.gov.in/dp/unitydraft.pdf
ISSUE Description:
Unity Infraprojects Limited (UIL)
UIL is one of India’s leading engineering and construction companies. They provide integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.
A highlight of their business is that they execute many projects on a turnkey basis and, in doing so, provide arrange of specialized construction and operational services, including electrical, plumbing, air conditioning etc.
UIL’s project expertise includes:
· Civil Construction Projects such as commercial and residential buildings, mass housing projects and townships, IT parks, airports, railway stations, stadiums, hotels, hospitals,universities etc.
· Transportation engineering projects ii, including roads, bridges, flyovers and subways
· Irrigation and water supply projects including dams, tunnels, lift irrigation projects and sewerage schemes
Major Clients of UIL include:
Airport Authority of India
National Sports Club of India
Municipal Corporation of Greater Mumbai
Delhi Development Authority
Andhra Pradesh Department of Irrigation
Assam Public Works Department
Key Strengths of UIL
· Over two decades of experience in the construction industry
· Ability to undertake projects both on turnkey and design-build bases
· ISO 9001:2000 certificate for quality management system applied by the company to their design and construction of civil projects
· Operations in diverse segments and geographies, helps in diversifying the risk of dependence on one segment/region
· A track record of timely completion of complex projects.
· Large and sophisticated fleet of construction equipment assets
· Experienced employee base and proven management team
Objects of the Issue
The objects of the Issue are to raise capital and to achieve the benefits of listing on the stock exchange, which the Company believes, will enhance the Company’s brand name and provide liquidity to company’s shareholders
The capital raised will be used for
· Investment in Capital equipment,
· prepayment/repayment of debt,
· equity investment in BOT (Build, Own, Transfer) projects,
· funding working capital margin requirements
· and general corporate purposes.
Key Financials:
For year ended March 31, 2005
Total Income : Rs. 270.6 Crores
Profit(Balance available for appropriation) :Rs.19.10 Crores
Adjusted EPS : Rs.11.87
RONW :26.73%
NAV per equity share :Rs.60.66
Recommendation:
The infrastructure and construction industry is expected to record a scorching pace of growth in the years to come.Looking at Unity Infraprojects key strengths, it is a good issue for the short as well as the long term investor
Issue Closes: 24 May, 2006
Issue Size : 3,343,000 (No. of Shares)
Lower Price Band : Rs.651
Upper Price Band : Rs.732
Application Multiple: 9 and in multiples there off starting with atleast 9 shares.
Maximum Shares: 135 (for Retail)
Information URL : http://www.unityinfra.com
Prospectus URL : http://www.sebi.gov.in/dp/unitydraft.pdf
ISSUE Description:
Unity Infraprojects Limited (UIL)
UIL is one of India’s leading engineering and construction companies. They provide integrated engineering, procurement and construction services for civil construction and infrastructure sector projects.
A highlight of their business is that they execute many projects on a turnkey basis and, in doing so, provide arrange of specialized construction and operational services, including electrical, plumbing, air conditioning etc.
UIL’s project expertise includes:
· Civil Construction Projects such as commercial and residential buildings, mass housing projects and townships, IT parks, airports, railway stations, stadiums, hotels, hospitals,universities etc.
· Transportation engineering projects ii, including roads, bridges, flyovers and subways
· Irrigation and water supply projects including dams, tunnels, lift irrigation projects and sewerage schemes
Major Clients of UIL include:
Airport Authority of India
National Sports Club of India
Municipal Corporation of Greater Mumbai
Delhi Development Authority
Andhra Pradesh Department of Irrigation
Assam Public Works Department
Key Strengths of UIL
· Over two decades of experience in the construction industry
· Ability to undertake projects both on turnkey and design-build bases
· ISO 9001:2000 certificate for quality management system applied by the company to their design and construction of civil projects
· Operations in diverse segments and geographies, helps in diversifying the risk of dependence on one segment/region
· A track record of timely completion of complex projects.
· Large and sophisticated fleet of construction equipment assets
· Experienced employee base and proven management team
Objects of the Issue
The objects of the Issue are to raise capital and to achieve the benefits of listing on the stock exchange, which the Company believes, will enhance the Company’s brand name and provide liquidity to company’s shareholders
The capital raised will be used for
· Investment in Capital equipment,
· prepayment/repayment of debt,
· equity investment in BOT (Build, Own, Transfer) projects,
· funding working capital margin requirements
· and general corporate purposes.
Key Financials:
For year ended March 31, 2005
Total Income : Rs. 270.6 Crores
Profit(Balance available for appropriation) :Rs.19.10 Crores
Adjusted EPS : Rs.11.87
RONW :26.73%
NAV per equity share :Rs.60.66
Recommendation:
The infrastructure and construction industry is expected to record a scorching pace of growth in the years to come.Looking at Unity Infraprojects key strengths, it is a good issue for the short as well as the long term investor
posted by Sensex-Blog Admin at 3:15 AM
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