Residential, industrial & commercial construction firm B L Kashyap & Sons yesterday said it would enter into larger projects and infuse substantial capital in acquisition of plant, machinery and land.

“We will focus on the scalability of the order and expand into projects of Rs 50 – 100 crore (Rs 500 – 1000 million) of 300,000 – 400,000 sq. ft, BLK Managing Director Vineet Kashyap said.

To part finance the growth plan, the company would enter the capital market with a public issue of 27.50 lakh equity shares of Rs 10 each in the price band of Rs 625 to Rs 700 per equity share, he said.

Further, there is also a greenshoe option of Rs 2.50 lakh shares, lent by company promoter Vineet Kashyap. The issue to be decided through the 100% book build route opens on February 20 and closes on February 23.

Kashyap said the company provides construction solutions on “design build” model and provides furnishing and fit outs through their wholly owned subsidiary “BLK Furnishers and Contractors”

For the six months ended September 2005, the company has posted a turnover of Rs 207.86 crore (Rs 2.07 billion) and net profit of Rs 13.4 crore (Rs 134 million). The company’s current order book aggregates Rs 880 crore (Rs 8.80 billion).

The company share will be listed on Bombay Stock Exchange and National Stock Exchange. Edelweiss is the book running lead manager to the issue.