Aravali Infra Power IPO

Another IPO from the Infra Power sector is going to hit the Indian markets very soon. Aravali Infra Power, engaged in turnkey projects in power transmission and manufacturing of aluminium cables, plans to come out with an IPO or initial Public Offering.

What is the size of the Aravali Infra Power IPO?
The Aravali Infra Power IPO plans to raise around 125 Crore Rs. from its IPO or initial Public offering.

What are the business valuations of Aravali Infra Power IPO?
The company has recently taken over three companies in Lucknow, Chandigarh and Gujarat is eyeing a turnover of Rs 700 crore in this financial year from the power sector alone. Aravali Power has acquired Pioneer Construction of Lucknow, Techno Engineering of Chandigarh and Parikh Electra of Gujarat. The total acquisition cost of these 3 companies is around 15 Crore Rs.
In 2009-10, they are eyeing a turnover of more than 1,000 Crore Rs.

What are the future prospects of Aravali Infra Power IPO?
The Aravali Infra Power has also set up a unit at Sitarganj in Uttarakhand for the production of aluminium conductors. The present capacity of the plant is 36,000 km of aluminium conductors.
It is also setting up a unit in Haryana for manufacturing transmission towers with a capacity of 36,000 tonnes per annum, the unit is expected to be commissioned in 2-3 months time.
Aravali Power has also bagged a Rs 30 crore order from Dakshin Haryana Bijli Vitran Nigam on a turnkey basis.

What are the opening dates for the Aravali Infra Power IPO?
The Aravali Infra Power IPO is expected to come to the markets within next 6 months.

What is the price range for the Aravali Infra Power IPO shares? No details are available about the Aravali Infra Power IPO share price.

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