New Delhi, Aug. 28 -- The Rs.175 crore book-built issue of utilities infrastructure developer Annu Projects is to conclude today, i.e., Friday, 28 August. The mainboard IPO, which opened for public subscription on Tuesday, 25 August, has seen muted subscription so far. Grey market trends also indicate tepid optimism for the stock.

Annu Projects is engaged in the design, development, implementation, operations, and maintenance of overhead and underground utility infrastructure across industries, including telecom, sewerage, gas pipeline, and railway signalling infrastructure.

"We are one of the diversified companies in the EPC (engineering, procurement, and construction) sector, involved in fields ranging from fibre optics to sewerage pr...