B L Kashyap & Sons Ltd (BLK) has fixed a price ban of Rs 625 to Rs 700 per Equity Share for its forthcoming IPO. The Public Issue of 2,750,000 Equity Shares is being made through the 100% Book Built Process. There is also a green shoe option of up to Rs 250,000 Equity Shares which have been lent by Mr. Vineet Kashyap, one of the promoters.

The Kashyap family has been in the business of construction and allied services since 1978.

BLK's business activities cover commercial, corporate, residential and industrial construction. In FY 05, the Company posted a turnover of Rs 314 crores and a Net Profit of Rs 12 crores. During the 6 months period ended September 30, 2005 BLKs turnover was Rs 208 crores with a net profit of Rs 13.5 crores.

BLK’s order book as on September 30, 2005 was Rs 579 crores. Since then, BLK has bagged orders of over Rs 300 crores from prestigious corporates such as Uppal Housing Pvt. Ltd, Embassy Golf Links Software Park Pvt. Ltd. Etc.

Edelweiss Capital Ltd is the sole Book Running Lead Manager to the issue.