Shriram EPC has filed its DRHP with SEBI on 4^th October 2007. It is planning to come out with an IPO  of 50 lakh equity shares of face value Rs 10 each, at a price to be determined later. The 100 per cent book-build issue would constitute 11.66 per cent of the fully diluted post issue-paid up capital.

Kotak Mahindra Capital and ICICI Securities are book running lead managers to the issue. Motilal Oswal Investment Advisors will act as co-book running lead manager. The stock is proposed to be listed on the BSE and NSE.

The company, a part of the Shriram group is an ISO 9001:2000 certified service provider of integrated design, engineering, procurement, construction and project management services for renewable energy, process and metallurgical plants and municipal services sector projects throughout India. It is also one of India's leading 250 KW wind turbine generator manufacturers. The company, its subsidiaries and associate companies have offices in Mumbai, New Delhi, Kolkata and Beijing; and WTG and cooling tower factories in Puducherry, Chennai and Umbergaon, Gujarat. It has also completed wind energy projects in several locations across India and also internationally in Zambia and France.

The company plans to raise funds to invest in its subsidiary and associate companies - Shriram Letiwind (sells the wind turbines), Leitner Shriram Manufacturing (manufactures wind turbines) and Oriental Green Power (engaged in renewable energy projects including biomass based power projects).

For the year ended 31^st March 2007, the company posted a net income of Rs 300 crore and net profit stood at Rs 14.06 crore, compared with Rs 145.5 crore and Rs 6.4 crore, respectively last year. 75% of the income comes from engineering construction contracts, and the sale of wind turbines and other businesses contributing the rest.