Tag Archive | "IPO"
Supertech to invest Rs 4,000 cr in 15 projects; plans IPO
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 [...]
Continue reading...BPTP promoters to dilute up to 25% stake in IPO
Wednesday, February 10, 2010
Realty firm BPTP today said its promoters will dilute about 10-25 per cent stake through initial public offer to raise about Rs 1,500 crore for funding existing and future projects, and retiring debt. “We will raise Rs 1,500 crore by diluting about 10-25 per cent (stake of promoters),” BPTP Managing Director Kabul Chawla told reporters on [...]
Continue reading...DB Realty Ltd’s $325 mln IPO Oversubscribed- Indicates Revival in Investors Demand for Real Estate Stocks
Tuesday, February 2, 2010
Indian developer DB Realty Ltd’s $325 million initial public offering was oversubscribed on Monday, the second day of the sale, indicating a revival in investor demand for real estate stocks. The property firm is developing 19.5 million sq ft of projects, mostly in Mumbai, the country’s financial capital. It has offered up to 13.4 percent [...]
Continue reading...Lodha gets Sebi’s nod for Rs 2,790-cr IPO
Sunday, January 31, 2010
Mumbai-based realty firm Lodha Developers today said it has received market regulator Sebi’s approval for its Rs 2,790-crore initial public offer (IPO), which is expected to hit the capital market in the next 4-5 weeks. “We have received the final approval from Sebi,” Lodha Developers Managing Director Abhisheck Lodha told PTI. The company had filed the draft [...]
Continue reading...Vatika Group plans to raise Rs 1K crore from IPO
Sunday, January 31, 2010
Real estate company Vatika Group plans to raise up to Rs 1,000 crore from an initial public offering (IPO) in May by selling around 20% stake, joining a parade of developers looking to wriggle out of the slowdown-induced IPO drought. The company will file its draft red-herring prospectus (DRHP) with market regulator the Securities and [...]
Continue reading...Godrej Properties IPO to open on Dec 9
Friday, December 4, 2009
Godrej Properties today said it will hit the capital market with its proposed initial public offer (IPO) on December 9 and close on December 11. The real estate company is planning to enter the primary market with an issue size of 94.29 lakh equity shares and the IPO will constitute 13.5 per cent of the post [...]
Continue reading...Emaar MGF IPO likely to be delayed
Saturday, November 28, 2009
The proposed initial public offering (IPO) from Emaar MGF Land, a joint venture between Dubai-based Emaar Properties PJSC and MGF Development of India, may be delayed following the Dubai government’s announcement on Wednesday that it would restructure the debt of its crown jewel, Dubai World. Moody’s Investors Service downgraded the ratings of six government-related issuers in Dubai, [...]
Continue reading...Lodha to invest Rs 6,000 cr in existing projects
Wednesday, November 18, 2009
Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its initial public offer (IPO) early next year, will invest Rs 6,000 crore in the next three years on construction of its existing projects. “We are currently developing about 30 million sq ft of area, comprising 38 projects. The average cost of construction [...]
Continue reading...Realty companies eye Rs 15K-crore mop-up
Friday, November 13, 2009
Cash-strapped real estate companies looking for succor from the capital market are likely to run into headwinds on the pricing front. Market watchers say unless the promoters price their issues a bit more realistically, they are likely to see a tepid response from investors. Some of the high-profile new issues over the past few months were [...]
Continue reading...Emaar MGF Being Investigated for alleged violations of FDI Norms
Wednesday, October 7, 2009
Emaar MGF Land Ltd, which plans to hit the market with an initial public offer (IPO) soon, might be carrying a jinx of sorts. The developer of the Commonwealth Games Village 2010 is now under investigation by the Enforcement Directorate for alleged violations of foreign direct investment (FDI) norms. The ED believes the company diverted [...]
Continue reading...Sahara Prime City to use Rs2,860 cr from IPO for 3 yrs
Sunday, October 4, 2009
The company, which has a land bank of over 8,000 acres with salable area of 419 million sq ft, plans to develop 88 integrated townships under ‘Sahara City Homes´ brand and 15 housing projects under ‘Sahara Brace´ brand across 99 cities Sahara Group’s realty firm Sahara Prime City, which aims to raise Rs3,450 crore from an [...]
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Thursday, March 11, 2010
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