Tag Archive | "IPO"
Embassy Property Developers Plan to Raise $513m via IPO
Indian real estate firm Embassy Property Developers plans to raise as much as 24 billion rupees ($513 million) through an initial public offering of shares, according to the prospectus filed last Monday. UBS, Nomura, Citi and local investment bank Edelweiss Capital are book running lead managers for the issue, according to the draft prospectus available [...]
Continue reading...Cash-strapped real estate developers wary of Street play
Friday, June 25, 2010
Real estate prices are soaring, but there are hardly any takers for initial public offerings (IPOs) of developers, thanks to slowing sales, high debt and a few flops. Emaar MGF Land and Lodha Developers are among the top real estate companies estimated to raise more than Rs 20,000 crore in initial offers this year, but are [...]
Continue reading...Ahmedabad: 3 city realty firms plan IPOs
Thursday, June 17, 2010
The changing skyline of Gujarat cities is also changing the rules of the game for realtors. With the cities pushing their boundaries and big realty firms eyeing a pie in the development cake, local developers are turning to capital markets to raise resources to ride the next growth wave. While JP Infrastructure Ltd (JPIL), popularly known [...]
Continue reading...Developers cool to record realty deal, stay cautious
Saturday, June 5, 2010
India’s biggest land deal, a Rs 4000 crore for a parcel of land in Mumbai last week, is not going to be the trendsetter for the realty industry still groggy after the 2009 slump, builders and analysts say. “The deal is fairly valued and we have sufficient cash flows to make initial payments,” said Managing Director [...]
Continue reading...BPTP Receives Approval to Raise Rs 1500cr Via IPO
Sunday, May 9, 2010
Real estate firm BPTP Ltd has received approval from the markets regulator for an initial public offering to raise about Rs 1,500 crore (USD 325 million), two sources with direct knowledge said on Thursday. The New Delhi-based builder joins a long list of private as well as state-run firms jostling to tap the market as Indian [...]
Continue reading...Jaypee Infratech IPO fully subscribed
Tuesday, May 4, 2010
Jaiprakash Associates-promoted Jaypee Infratech’s initial public offer got subscribed fully hours before its closing today. The IPO received bids for 22.2 crore shares against 22.17 crore shares on offer, according to data available with the National Stock Exchange at 1200 hrs. As per the NSE data, the issue has received the maximum bids at Rs 102-103 per [...]
Continue reading...DLF buys PE stake in DLF Assets for $696 mn
Saturday, April 24, 2010
DLF Ltd, India’s largest-listed real estate firm, said on Saturday one of its units had bought 245 million compulsorily convertible preference shares in a group company, DLF Assets, from private equity firm SC Asia Pte Ltd for 30.85 billion rupees ($696 million). After the deal, the DLF unit’s stake in DLF Assets has risen to 91.9 [...]
Continue reading...Jaypee Infratech IPO to open on April 29
Friday, April 23, 2010
The initial public offering of infra developer Jaypee Infratech will open for subscription on April 29. The public issue will close on May 4, the company sources said today. The company is coming out with its IPO with an issue size of six crore equity shares of Rs 10 each. Jaypee Infratech is promoted by Jaiprakash Associates and [...]
Continue reading...Singapore turns on its charm for Indian real estate firms
Tuesday, April 13, 2010
HONG KONG | SINGAPORE: The success of Singapore’s first real estate trust offering this month has prompted talk that other similar, previously shelved, offerings are now being dusted off. India’s top real estate firms, DLF and Unitech may revive their Singapore IPO plans, banking sources said, while the Embassy Group is actively looking into raising funds [...]
Continue reading...Court directs SEBI to probe DLF’s ‘mis-statement’ in RHP
Sunday, April 11, 2010
The Delhi High Court has directed stock market regulator SEBI to conduct probe against real estate giant DLF for alleged misstatement DLF in its Red Herring Prospectus while launching its IPO in 2007. The court passed the order after it was alleged by a person that the DLF had intentionally made a false statement that it had [...]
Continue reading...Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
Thursday, March 11, 2010
Real estate firm Supertech on Wednesday said it will invest Rs 4,000 crore for developing 15 realty projects across North India in the next three years, and it is planning to raise capital through a public offer. “Currently, we are developing 12 residential and three commercial projects across various locations in North India. We have planned to [...]
Continue reading...Realty major BPTP plans Rs 1,500 cr IPO in early FY11
Wednesday, March 10, 2010
Real estate developer, BPTP, plans to raise around Rs 1,500 crore through an IPO early next-fiscal, a top company official said. “We have applied to Sebi for approval. We hope to launch our IPO of Rs 1,500 crore early next-fiscal,” BPTP’s Managing Director, Kabul Chawla, said here today. The company, which presently has a networth of Rs [...]
Continue reading...Emaar MGF gets Sebi nod for Rs 3,850-cr IPO
Saturday, March 6, 2010
Realty major Emaar MGF today said it has received the Securities and Exchange Board of India’s (Sebi) approval to launch its Rs 3,850-crore initial public offer (IPO). The company had filed draft red herring prospectus (DRHP) with the market regulator on September 29 last year. “We have received the final observations to our DRHP from the regulator. [...]
Continue reading...Jaypee Infra plans Rs 2,600 crore IPO in two months
Thursday, March 4, 2010
Infrastructure company Jaypee Infratech Ltd (JIL), a part of Jaypee Group, has planned to go public with a Rs 2,600-crore IPO in the next two months. The company has filed the Draft Red Herring Prospectus (DRHP) with the Security Exchange Board of India (Sebi). Confirming the development, sources close to the development said, “While the price [...]
Continue reading...Jaypee Infratech to introduce IPO
Thursday, February 18, 2010
TO COME OUT WITH PUBLIC ISSUE WORTH RS 16,500 MILLION SHORTLY Jaypee Infratech Ltd, an infrastructure company and part of the Jaypee Group, is about to launch an initial pub- lic offering (IPO) worth Rs 16,500 million. Addressing a press confer- ence here on Wednesday, com- pany’s Director-in-Charge Sameer Gaur said the compa- ny had already applied [...]
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