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A2Z Maintenance & Engineering Services is coming out with an IPO of Rs.10 each in the price band of Rs.400-Rs.410. The company is an engineering, procurement and construction (EPC) company providing services to the power transmission and distribution sector. The company is also involved in other businesses like Renewable Energy Generation business and Waste management services. Other businesses include developing information technology solutions for power utilities business and providing facility management services.

The main objective of the issue is for Investment in biomass-based power cogeneration projects in the States of Punjab and Rajasthan and working capital requirements.

Issue Details:

Issue Open: Dec 08, 2010 - Dec 10, 2010.
Issue Size: Equity Shares of Rs. 10.
Issue Size: Rs. 675.00 Crore.
Issue Price: Rs. 400 - Rs. 410 Per Equity Share
Market Lot: 15 Shares.
Listing at NSE and BSE.

Fundamental Details:

The company has the following principal competitive strengths:

1.Ability to identify new business opportunities and scale businesses in high growth sectors.
2.Proven project execution capabilities and demonstrated track record.
3.In-house engineering capabilities and strong quality management systems.
4.Qualified and experienced management and motivated employee base.

For the year 2010, the company's EPS stands at Rs.18 and some of the peer group companies like ABB, L&T, KEC trade anywhere in the wide range of 15 to 30 times. The offer price of Rs.400-410 offers good opportunity for long term investors to invest in a well diversified company which is growing at a healthy rate of 30%.