Telecom infrastructure company Acme Tele Power Limited (ATPL) is planning to launch an IPO of 17.28 million equity shares of Rs 2 each. The company has filed its draft red herring prospectus with the Securities and Exchange Board of India. In a pre-IPO placement, ATPL issued 2.85 million shares of Rs 2 each (representing 1.66 per cent of the expanded capital base of the company) through the private placement route to DB International (Asia), Earthstone Holdings and Kotak Mahindra Capital Company. Private equity fund Capital Partners and a Delhi-based industrialist have reportedly bought 5-7 per cent stake in ATPL for Rs 6-Rs 8 billion.
