Oberoi Realty IPO : Opening on 6th Oct 2010

by khalid on 03/10/2010 · 1 comment

Mumbai based real estate developer Oberoi Realty is a construction company focused on premium developments in Mumbai. The company is entering into primary market with an Initial Public Offer (IPO) of 39,562,000 Equity Shares of Rs 10 each. The company plans to raise an estimated Rs 1,100 crore. The IPO is opening on 6th Oct 2010 and the shares will be available for subscription up to 8th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has not been fixed yet.

The issue will constitute 12 percent of the fully diluted post-issue paid-up share capital of the company. The company had filed a DRHP application in Jan 2010 and after an almost six-month lull its planning to tap capital market with IPO.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 6th Oct 2010 – 8th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 39,562,000 Equity Shares of Rs 10 each
Issue Size : Rs. 1100.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 253 – Rs. 260 Per Equity Share
Market Lot : 20 Shares
Minimum Bid Quantity : 20 Shares
Listing At : BSE, NSE

Book running lead managers to the issue are Kotak Mahindra, Enam Securities, JP Morgan India and Morgan Stanley India.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

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