Ganesh Infraworld, a Kolkata-based engineering, procurement, and construction (EPC) firm, is looking to raise Rs 200–250 crore through a qualified institutional placement (QIP) soon, according to people familiar with the matter.
The company, which listed on the NSE SME Emerge platform on December 6 last year, had a market value of Rs 971.91 crore at Wednesday’s close.
The stock has risen more than 44% since its debut. Shares fell 3.1% on Wednesday to end at Rs 227.5.
Ganesh Infraworld did not respond to queries on the likely launch date or pricing of the QIP.
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