SBI Capital Markets, BofA Merrill Lynch, Enam Securities and IDFC are the book running lead managers to the issue. The company has filed the draft red herring prospectus in July and is awaiting final approval from Sebi.
According to the bankers to managing the issue, the final approval is expected any time and the issue is likely to hit the market in November. The company intends to utilise the proceeds investment in three biomass-based power co-generation projects of 15 MW each in Punjab and five biomass-based power generation projects of 15 MW each in Rajasthan, apart from making investment in subsidiaries and a repayment of a loan granted by L&T Infrastructure Finance Company, among others.
Started in 2002 as a facility management services company, A2Z has evolved into an engineering, procurement and construction services provider to the power transmission and distribution companies.