GR Engineering Services is set to carry out Western Australia’s largest float this year.
The engineering firm is readying itself to launch its prospectus which could value the company at $150 million, according to The West.
GR is aiming to raise $30 million by issuing 30 million shares at a $1 a piece.
The float will allow the company to expand geographically into "new high growth regions and mineral commodity markets.”
The announcement of this float comes on the back of a strategic alliance with the South African MDM Engineering Group.
GR has revenue guidance of $138.3 million and net profit of $18.8 million for FY 10/11.
The offer is set to close on 11 April.