Sahara Prime City IPO

by khalid on 24/08/2009 · 0 comments

sahara-city-homes

Sahara Prime City, which is a part of Sahara group, is planning to enter into capital market for raising Rs 5,000 crore by the year-end through an initial public offer (IPO), for which it will approach market regulator SEBI later this month. The company is believed to have engaged a number of investment bankers, including Kotak, Enam and JM Financial, for this particular public issue.

Sahara Prime City will be the third Sahara group entity to enter the capital market after Sahara Housing finance Corp. and Sahara One Media & Entertainment and is present in over 200 cities with its housing and commercial projects.

However, Sahara Group figure in top 100 tax defaulters list of the country, among other name of the list are SBI and Tata Motors.

Sahara Prime City IPO Allotment detail will be given here when the IPO is over.

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