Capacit'e Infraprojects to Raise ₹ 96.3 Crore through Preferential Issue of Equity Shares

Capacit'e Infraprojects Limited ("Company"), a fast-growing construction company providing end to end services for residential, commercial, and Institutional building with a presence in Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Gandhinagar, Pune, Goa, Chennai, Kochi, Hyderabad and Bengaluru has announced its plan to raise ₹ 96.30 crores through a preferential issue of equity shares, subject to shareholders approval. The funds raised will be utilized to support the Company's long-term working capital requirements.

Capacit'e Infraprojects Limited has secured proposed investments from esteemed investors, including Param Value Investments, Mr. Vikas Khemani, and Capri Global Holding Private Limited. These reputable investors have demonstrated their confidence in Capacite's growth potential and strategic vision.

The breakdown of the proposed investment is as follows:

1. Param Value Investments - INR 50.15 crores
2. Mr. Vikas Khemani - INR 24.99 crores
3. Capri Global Holding Private Limited - INR 5.1 crores
4. Others - INR 16.06 crores

Mr. Rohit Katyal, Executive Director & CFO of Capacit'e Infraprojects Limited, commented, stating, "We are delighted to have secured these funds through the preferential issue of equity shares, subject to shareholders approval. This fundraising initiative not only enhances our financial flexibility but also affirms our position as a leading player in the construction industry. The raised capital will be strategically utilized to fuel our future growth and fortify our operational capabilities, allowing us to deliver exceptional value to our clients and stakeholders."

Capacite Infraprojects' successful fundraising initiative exemplifies its ability to attract key investors and secure vital financial resources. The Company remains dedicated to its mission of delivering excellence in construction services and achieving sustainable success further consolidating its position as a leading player in the construction industry. Marathon Capital Advisors acted as the sole financial advisors to the Company.

Shares of Capacit'e Infraprojects Limited was last trading in BSE at Rs. 191.20 as compared to the previous close of Rs. 195.80. The total number of shares traded during the day was 89106 in over 1573 trades.

The stock hit an intraday high of Rs. 200.50 and intraday low of 188.75. The net turnover during the day was Rs. 17232453.00.

Source : Equity Bulls

Keywords

CapaciteInfraprojects INE264T01014 FundRaising PreferentialIssue ParamValueInvestments CapriGlobalHolding