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Dhruv Consultancy Services Ltd offers IPO on BSE SME platform


Pune: Dhruv Consultancy Service Ltd(henceforth referred to as ‘Dhruv’ or ‘Company’), is engaged in the business of providing infrastructure consultancy services like design, engineering, procurement, construction and project management services for Highways,Bridges, Tunnels, Architectural and Ports etc. The company is now entering the capital markets with an initial public offer of 43,00,000 equity shares of face value Rs10 per share being offered through this issue at price of Rs54/- per equity share.

The funds raised through the public issue are proposed to be utilized forprepayment of debt, part Finance the working capital requirement, to meet general corporate purposes and to meet issue expenses. The equity shares of the company are proposed to be listed on the SME Platform of Bombay Stock Exchange Ltd. (‘BSE’). The Book Running Lead Managers to the Issue are Hem Securities Ltd. And Registrar to the issue are SharexDynamic (India) Pvt. Ltd. And Hem Securities Ltd will be the Market Maker to the Issue.

The Issue is being made through the Fixed Price Process wherein 50% of the Net Issue shall be available for allocation on a proportionate basis to Retail Investors, and balance 50% of the Net Issue shall be available for allocation on a proportionate basis to Non-Retail Investors, irrespective of the number of specified securities applied for, in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. The unsubscribed portion in either category specified above may be allocated to the applicants in the other category.

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