India IPO's



Emaar plans to raise $1.1billion

The Economic Times

Gurgaon-based real estate company Emaar MGF is learnt to be finalising its plans to hit the capital markets by the end of this year. The company is planning to raise $1.1 billion by offering 15-20% of its equity to public, valuing the company at about $6.5 billion.

Shareholders of Ganesh housing approve merger of 5 companies

The Economic Times

Ganesh Housing Corporation, engaged in construction and real estate, announced that its shareholders have approved the amalgamation of five companies - Ramasagar Infrastructure, Nachiket Properties, Manjari (Thaltej) Complex, Shaharsh Infrastructure and Ganesh Infrastructure - with itself. The amalgamation would enable the company to achieve scale, size, and integration along with the flexibility of pursuing future growth plans.

DLF IPO issue opens on June 11

The Economic Times

Real estate giant DLF announced a price band of Rs 500-550 per share for its Initial Public Offer through which it could raise a maximum of Rs 9,625 crore, as against earlier estimates of up to Rs 13,600 crore. K P Singh-owned DLF proposes to enter the capital market with a public issue of 17.5 crore-equity shares of Rs 2 each through 100 percent book building process. The post-issue dilution of the proposed issue would be over 10 percent. The company would raise Rs 9,625 crore at the top end of the price band and Rs 8,750 crore at the lower end. The proceeds of the issue would be deployed to meet construction cost, land acquisition and repayment of debt. The company had received approval from market regulator SEBI for its Initial Public Offer on May 7. The approval, which paved the way for the company's plan to tap the capital market, came nearly a year after it first filed the draft prospectus. The issue will open on 11th June 2007.

Omaxe to mop up Rs.1, 400 crore via IPO

The Economic Times

Real estate developer Omaxe Ltd received market regulator Securities and Exchange Board of India’s (SEBI) approval for its Initial Public Offer, estimated to raise up to Rs 1,400 crore from the capital market. Omaxe had filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India in December last year. Omaxe proposes to enter the capital market with a public issue of up to 1.77 crore-equity shares of Rs 10 each through 100 percent book-building process. Of the total equity float, up to 1.75 crore-equity shares are for the public, while the balance 2.96 lakh shares are reserved for eligible employees of the company. Additionally, there would be a green shoe option of 17.5 lakh equity shares.

 Sahara plans IPO, launches housing project in Lucknow Business Standard

Sahara Infrastructure and Housing (SIH), the real estate company of Sahara India Parivar, is planning to go public and get listed on the stock exchange in the next two years. Spread on an area of 200 acres in Lucknow, Sahara City Homes Lucknow is one of the biggest real estate projects of the city with 5,255 residential units. The estimated worth of Lucknow township is Rs 2,000 crore. The township is the first one from "Sahara City Homes" townships, which SIH will be developing in 217 cities across India. The land acquisition process is in progress with acquisition being complete in 8-10 cities, and partly completed in 30-40 cities. The construction at these Homes is in full swing and the possession of property will begin in 2009 for Lucknow City Homes. A total of 30 blocks are under construction. These 30 blocks will house 1,620 residential units.



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