Shriram EPC Limited (the “Company”), one of the leading service providers of integrated design, engineering, procurement, construction and project management services for renewable energy projects, process and metallurgical plants and municipal services sector projects throughout India and one of India’s leading 250 KW wind turbine generator manufacturers, will enter the capital market with its initial public offering (“IPO”) of 5,000,000 equity shares of Rs 10 each (“Equity Shares”) for cash at a price to be decided through a 100% Book-Building Process. The Price Band has been fixed between Rs 290 and Rs 330 per Equity Share. The Issue/ Bid will open for subscription between January 29 and February 1, 2008.

Out of the total Equity Shares being offered in the Issue, at least 60% of the Net Issue shall be allocated to Qualified Institutional Buyers (“QIBs”) on a proportionate basis out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. Further, not less than 10% of the Net Issue would be allocated to Non-Institutional Bidders and not less than 30% of the Net Issue would be allocated to Retail Individual Bidders on a proportionate basis, subject to valid Bids being received from them at or above the Issue Price. The Issue will constitute 11.66% of the fully diluted post-issue paid-up capital of the Company. The Equity Shares are proposed to be listed on Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

The objects of the Issue are to invest in its subsidiary and associate Companies, fund expenditures for general corporate purposes and to achieve the benefits of listing on the Stock Exchanges. The Issue has been graded by CRISIL Limited and has been assigned a grade of 3 out of 5, indicating average fundamentals.

Sourced From: Adfactors Public Relations Pvt Ltd

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