ADAG’s Reliance Infratel filed the draft prospectus with SEBI for its IPO. The IPO will see the company issuing 15.6 crore equity shares constituting 10 % of the post-issue paid-up capital.

About 60% of the net issue offered to the retail investors will be allotted on a proportionate basis to Qualified Institution Buyers (QIB) out of which 5 % will be allocated to mutual funds while the remaining quota for QIB will be available for allocation to all QIB bidders including mutual funds.

The shares will be listed on BSE as well as NSE.

JM Financial Consultants Private Limited, J.P. Morgan India Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Macquarie Capital Advisers (India) Limited and UBS Securities India Private Limited are acting as the Book Running Lead Managers (BRLMs) to the Issue Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Linklaters LLP and Khaitan & Co, are advising the BRLMs in relation to the Issue.