Gammon Infrastructure Projects Ltd is basically a infrastructure development company promoted by the Gammon Group.It is coming up with a public issue of 1.65 crore equity shares with a face value of Rs 10 each.The issue is going to open on Mar 10th and will close on Mar 13th,2008.The price band has been decided in between Rs 167 and Rs 200.
The minimum order quantity is 35 shares.

The company was set up in 2001 and is currently executing projects under PPP(public,private partnership basis) and develops ports,bridges,roads,power projects etc.It works in projects development,project advisory and operation and maintenance  areas.It has presently fourteen projects in various stages of development.

Objectives of the issue:
The proceeds from the issues will be utilised in funding its subsidiaries called KBICL,GICL,SHPVL and MNEL.They are engaged in developing four lane bridge across river kosi,four lane by pass in UP,hydro electric project in Sikkim and four laning of Vadape-Gonde in Mumbai-Nasik region respectively.

This issue looks good and has been given a grade of four by CARE,the IPO rating agency which indicates above average fundamentals of the company.But only time shall tell how this issue is going to perform in this turbulent market conditions.

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