Realty guns filing DRHP for IPO
and 
Realty guns like Lodha and Oberoi are in race to get the benifit of heating market situation. Lodha Developers has filed a Draft Red Herring Prospectus (DRHP) to the market regulator SEBI and is targeting to raise Rs 2790 crore through an IPO. Similarly Oberoi Constructions, yet another real estate major, too is looking to raise about Rs 1500 and filed DRHP for the same.
According to DRHP prepared by Oberoi’s to be filed within this month, they will issue 2.5 – 2.7 crore shares through the IPO. Oberoi Construction is a zero-debt company. Morgan Stanley already has a 10% stake in the company which it had picked up in January 2007. Kotak Mahindra and Enam Securities are likely to be lead book runners along with Goldman Sachs and JP Morgan.
Related posts:
- DB Realty IPO : Filed papers to raise Rs 1500 cr DB Realty is a Mumbai based builder informed the...
- DB Realty IPO : Listing on 24th Feb 2010 DB Realty is a Mumbai based builder informed the...
- India’s realty industry is back on track India’s realty sector has raised about Rs.75000 crore ($15...
- Ashoka Buildcon IPO : files DRHP for Rs 225 cr Ashoka Buildcon, ( construction of roads and bridges )...
- Eros International IPO : Files DRHP to Raise Rs 350 Crores Eros International is a Mumbai-based company promoted by Eros...
Related posts brought to you by Yet Another Related Posts Plugin.
Activity