Pushpanjali Realms and Infratech is coming out with an initial public offering (IPO) of 26,46,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 55 per equity share. The issue opens on June 27, 2017 and will close on June 30, 2017. The shares will be listed on NSE Emerge Platform.
The company will use the issue proceeds for meeting working capital requirement, including margin money, general corporate purpose and meeting issue expenses.
The book running lead managers to the issue is Sarthi Capital Advisors, while the compliance officer for the issue is Arpana Nassa.
The company is a real estate development company, focused primarily on construction and development of residential projects. Its residential portfolio currently covers projects catering to customers across all income groups.
Company Name | CMP |
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Dilip Buildcon | 543.95 |
Macrotech Developers | 1187.05 |
NBCC (India) | 178.70 |
Prestige EstatesProj | 1818.05 |
Phoenix Mills | 3645.00 |
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