What is the expected size of Ramky Infrastructure IPO?
Ramky Infrastructure IPO expects to raise approximately Rs. 4 billion from the IPO.
How many shares will be offered for sale through the Ramky Infrastructure IPO?
A total of of 9,884,003 equity shares will be offered through the Ramky Infrastructure IPO.
What the businesses of Ramky Infrastructure?
As per the ETThe waste management business in the group is divided between Ramky Infra and Ramky Enviro Engineers Ltd, while the development business is divided between Ramky Infra and Ramky Estate and Farms Pvt Ltd. However, the boundaries of these divisions are fuzzy and still evolving. Moreover, the relatively higher margin portions of both these businesses are conducted outside Ramky Infra.
What are the financial results and business valuations of the Ramky Infrastructure?
Ramky Infra's revenues have registered CAGR of 78 per cent over the last 3 years, with operating margins improving to 10.7 per cent from 7.4 per cent in 2004-05.
Any ratings assigned to the Ramky Infrastructure IPO?
CRISIL has assigned IPO Grade "3 out of " to the IPO of Ramky Infrastructure Ltd, which indicates that the fundamentals of the issue are average relative to other listed equity securities in India.
The grading reflects Ramky Infra's good business position in the waste water segment of the construction business and its good order book position that stands at about 4.3 times its 2006-07 revenues.
However, the grading is constrained by the fact that business operations in the Ramky group are not clearly delineated across the different group companies.
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