The company plans to deploy funds for the purchase of capital equipment worth Rs 15.32 crore and for meeting the long-term working capital requirements estimated at Rs 23.86 crore.
We would advice the investors to not invest in SVEC Constructions IPO. There are better companies available at a better price in secondary market. Moreover, the investors should wait for Reliance Power IPO to list. Based on the performance of Reliance Power IPO, the mood for future IPOs will be set in the short term.
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