Published on Mon, Jan 25, 2010 at 19:13 | Source : Moneycontrol.com
Updated at Mon, Jan 25, 2010 at 19:22
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DB Realty sets IPO price band at Rs 468-486/sh
Mumbai-based DB Realty is entering capital market with an initial public offering (IPO) of Rs 1,500 crore on January 29, 2010. The price band has been fixed at Rs 468-486 per share.
Mumbai-based DB Realty is entering capital market with an initial public offering (IPO) of Rs 1,500 crore on January 29, 2010.
The price band has been fixed at Rs 468-486 per share. The issue will close for subscription on February 2, 2010.
The issue proceeds will be used for its ongoing projects and pre-paying the loan taken from IDFC.
As on August 31, 2009, it has 10 ongoing projects, aggregating approximately 18.61 million square feet of saleable area, 9 forthcoming projects, aggregating approximately 20.17 million square feet of saleable area and 6 upcoming projects, aggregating approximately 22.11 million square feet of saleable area.
CRISIL has assigned IPO Grade 2/5 to the IPO of the company.
The book running lead manager to the issue is Enam Securities Private Limited and Kotak Mahindra Capital Company Limited. Link Intime India Private Limited is the registrar.
