Realty major Puravankara Projects is open for subscription with a public issue of 21,467,610 equity shares of Rs 5 each through a 100 per cent book building process. The price band is at Rs 500- 525 per share. The issue closes on August 3.
It proposes to raise Rs 1,070 crore at the lower end of the price band and Rs 1,123.50 crore at the upper end.
Puravankara Projects’ operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the UAE. The company has completed 14 residential and one commercial project totalling 3.93 million sq ft of developable area. Ongoing projects aggregate 12.20 million sq ft of saleable area.
It proposes to raise Rs 1,070 crore at the lower end of the price band and Rs 1,123.50 crore at the upper end.
Puravankara Projects’ operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the UAE. The company has completed 14 residential and one commercial project totalling 3.93 million sq ft of developable area. Ongoing projects aggregate 12.20 million sq ft of saleable area.
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