Tag: IPO

Realty Firms filed Prospectus last Monday

Last Monday, prospectus was filed according to which the Embassy Property Developers, an Indian real estate firm is planning to raise an amount of 513 million dollars through an IPO (Initial Public Offering) of shares. As per the prospectus, a pre-IPO placement of around 57.5 million shares for up to 11.75 billion rupees is being […]

Most Prominent Land Deals in India

Since now days, land is the most promising resource, the developers are ready to pay any price just to get into the realty business. Here are some of the major deals in the field of land: The Lodha developers had a deal of Rs 4,053cr for a plot of 25,000 sq mts. The sq per […]

Real estate key for equity markets

Real estate could be the lynchpin for the equity markets and a failure of a large IPO could start a correction in the market. Mr Deepak Parekh, Chairman-HDFC Bank, said, “If a large real estate IPO fails, it could have a serious repercussion on the market”. Mr Parekh stated that many of the recent IPOs […]

Indiabulls Power price band

Indiabulls Power is likely to fix a price band of Rs 42-45 per share for its proposed IPO, which is expected to start on 12th of October. The price band of the Indiabulls Power IPO is likely to be Rs 42-45. Calculated on the upper end on the price band, the company would collect around […]

Retail investors turn careful on IPOs

Though the 10 IPOs in the fiscal have mopped up close to Rs 10,000 crore, the attitude of retail investors to the offerings has been one of extreme caution. While participation by institutional and high net worth investors has been positive, retail interest has waned, said merchant bankers. The 10 IPOs that hit the market […]

Oberoi Constructions plans IPO early next year

Real estate firm Oberoi Constructions plans to launch its IPO early next year. The IPO may happen in the first quarter of next financial year. The Mumbai-based developer has “delivered” four million square feet of property and plans to add another four million square feet in the near future. The share offering would be utilized […]

Godrej Properties Files DHRP With SEBI

Godrej Properties Ltd, Real estate arm of the Godrej Group, declared that it has filed the Draft Red Herring Prospectus (DHRP) with SEBI for an IPO of approx seven million shares. According to a company statement, the firm proposes an IPO of 9,429,750 equity shares of ten rupees each through 100% book building process to […]

Oberoi Constructions Expands Garden City

Oberoi Constructions Private Ltd is well-known as leading developer. Now Oberoi group is on the way of expansion. They have decided to set up three ‘Oberoi Garden city’ township in Bangalore, Pune and Hyderabad. Initially they started ‘Oberoi Garden city’ project for Gurgaon east and Mumbai. New three townships will start with an area size […]