SS Infrastructure Development Consultants Limited (SSIDC) is set to launch its IPO of 42,78,000 equity shares at Rs 37 to Rs 40 per share and amounting to about Rs 17 crores.  The IPO will be launched on the EMERGE platform of the National Stock Exchange of India Limited from March 28, 2018 to April 5, 2018.

Satyanarayana Sundara, CMD, SSIDC

Describing the company’s business of Engineering and Architectural Consultancy as an Integrated Infrastructure Development Solution Provider,  Satyanarayana Sundara, CMD, SSIDC, told media  here that Rs 9.5 crore of the IPO funds would meet the company’s working capital requirements that covered its increasing project orderbook, which included 80% Government projects such as Defence (DRDO), Aviation, ISRO,  HAL and shipbuilding, besides others like Mahindra, Airports Authority of India, Infotech and AP Tourism.

With the infrastructure sector becoming a focus area for the Indian Government and the Union Budget 2017-18 witnessing US$ 61.92 billion being allocated to this sector, it remains the engine of growth for India’s economy with contribution of 53.8% of India’s Gross Value Added in 2016-17, Sundara said while pointing out that SSIDC is using its expertise and specialization in strategic projects for the defence sector that includes; Explosive Storage Buildings; Missile Storage and Maintenance Facilities; and Marine Structures (including Jetties and Ship-lift Systems), besides sustainable green buildings.

Highlighting SSIDC’s growing Pan-India orderbook that included a Rs 200-crore project of a company making night vision equipment and the latest project being the Rs 2,000-crore Government Marine Project in India – the ‘first of its kind in the country’ – he said SSIDC is also eyeing business abroad such as pyrotechniques projects in the Middle East for their defence sector.