Incorporated in 2002, A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction ("EPC") company in India and providing services to the power transmission and distribution sector. They are diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.
Objects of the Issue:
The Object of the issue are to:
1. Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab;
2. Investment in five biomass-based power generation projects of 15 MW each in the State of Rajasthan;
3. Investment in Subsidiaries;
4. Repayment of a loan granted by L&T Infrastructure Finance Company Limited (L&T Infrastructure Finance) to the company;
5. Working capital requirements;
6. General corporate purpose
Issue Detail:
- Issue Open: Dec 08, 2010 - Dec 10, 2010
- Issue Type: 100% Book Built Issue IPO
- Issue Size: Equity Shares of Rs. 10
- Issue Size: Rs. 675.00 Crore
- Face Value: Rs. 10 Per Equity Share
- Issue Price: Rs. 400 - Rs. 410 Per Equity Share
- Market Lot: 15 Shares
- Minimum Order Quantity: 15 Shares
- Listing At: BSE, NSE
CARE Limited has assigned an IPO Grade 4 to A2Z Maintenance & Engineering Services Ltd IPO. This means as per CARE, company has 'Above Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals
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