Global Vectra Helicorp files DRHP with SEBI

Global Vectra Helicorp, the largest dedicated offshore helicopter transportation services company in India servicing the oil and gas exploration and production sector, filed its Draft Red Herring Prospectus, DRHP with Securities and Exchange Board of India, Sebi on May 22, 2006 to enter the capital market with its proposed initial public offer.
The company proposes to enter the capital market with an offer of 3,500,000 equity shares of Rs.10 each for cash at a premium to be decided through the 100% book-building process.
Of the total offer, the company will be issuing 2,800,000 fresh equity shares and the balance 7,00,000 equity shares are on offer for sale by one of the promoters, Azal Azerbaijan Aviation Limited which is a Vectra Group company. Other Vectra Group companies in India include Tatra Trucks India Limited and Terex Vectra Equipment Private Limited. The issue constitutes 25% of the fully diluted post issue equity capital.
The Book Running Lead Managers to the issue are SBI Capital Markets Limited and ICICI Securities Limited.
24/05/06 Moneycontrol.com

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