ARSS Infrastructure Projects is proposing to enter the capital markets with a public issue of its equity shares having face value of Rs 10 each aggregating to Rs 1,030 million for cash at a price to be decided through a 100% book-building process.

The company is engaged in construction activities of railway infrastructure, roads, highways, bridges and irrigation projects in India.

Sources revealed that the company has already filed a draft red herring prospectus (DRHP) with SEBI for the said purpose.

The equity shares of the company are proposed to list on BSE and NSE.

The company plans to deploy raised funds i. e. around Rs 5 crore towards investment in joint ventures and Rs 8.6 crore towards funding long term working capital requirements.

IDBI Capital Market Services, SBI Capital Markets and Bigshare Services are helping the company in the fund raising process.

The company's total order book, stand at Rs 2502 crore, as on July 31, 2009.