Gammon India Ltd has informed BSE that Gammon Infrastructure Projects Ltd (GIPL), a subsidiary of the Company, has filed the Red Herring Prospectus with the Registrar of Companies, Maharashtra in connection with its ‘Initial Public Offer’ of 1,65,50,000 equity shares of the face value Rs 10/- each, comprising a net issue of 1,48,95,000 equity shares to the public and a reservation of 16,55,000 equity shares for eligible employees.

The IPO is being made on 100% book building route, with the price band being Rs 167/- to Rs 200/-. The issue will remain open from March 10, 2008 to March 13, 2008.