Existing shareholders intend to offload 60 lakh scrips. The price band for the issue is fixed at Rs 263-270 apiece.Two states Maharashtra and Rajasthan account for over 95 per cent of the EPC company's order book. Given the fully-priced IPO valuations and the prevailing volatility in the market, listing upside could be capped, they said.As on November 30, 2017, the company was working on 21 projects in this space, aggregating Rs 3,585.31 crore. The company is pre-qualified to bid independently on an annual basis for bids by NHAI and MoRTH.Over FY14-17, the company has reported 30.8 per cent rise in net sales and 69.8 per cent jump in net profit. Repayment of debt is seen improving the bottomline for the firm.

Source: Economic Times February 26, 2018 10:12 UTC