Anil Dhirubhai Ambani Group : Reliance Infratel is going to bring out another IPO this season for a total sum up of 9000 crore rupees, with a total of 8.9 crore shares and the IPO is expected in March 2008.
The company is going to set up around 17000 towers all over india and the price band for this IPO would be around 550-610Rs which is a high amount considering other IPO’s this season.As per the financials, it has Rs 900 crore for the 9-month period of FY08 and Rs 150 crore in bottom line, so by the end of FY 08, revenues of Rs 12,000 crore and nearly Rs 200 crore worth of profit can be expected for the company.