Lead managed by Aryaman Financial Services (AFS), the company has planned to make a fresh public issue of 25.75 lakh equity shares of Rs 10 each for cash at a premium of Rs 45 per share aggregating to Rs 14.16 core.

Sources at AFS said that the proceeds of the public issue would be used for various purposes.

Part of it would go into investments by way of equity in industries related infrastructure projects. This would include investment in infrastructure development like power, water supply pipeline, oil and gas distribution pipeline, cement and civil engineering projects. Out of the 105 lakh equity shares of the authorised share capital of the company, LIL would issue 25.75 through the present offer to the public.

Originally incorporated as Lanco Constructions Ltd in 1993, it subsequently changed its name to Lanco Infratech Ltd in 2000.

The income from operation for six-month period in 2000 amounts to Rs 38.50 crore. However, the total income for the previous year amounted to Rs 87.90 crore. While, the net profit after tax and adjustments for fiscal 1999-2000 amounted to just Rs 89 lakh, there has been an increase in the net profit for six-month period amounts Rs 1.21 crore.

The shares are proposed to be listed on the stock exchanges of Hyderabad and Mumbai.