Puravankara Projects, south based real estate player, will list on the bourses with 21,34,24,335 shares on August 30, 2007. The issue price has been fixed at Rs 400 per share, at lower end of the band.
Its BSE ID is 532891 and NSE ID is PURVA.
The company had entered capital market with an initial public offering (IPO) of 21,467,610 equity shares of Rs 5 each for cash at a price band of Rs 400-450, which had revised by the company from Rs 500- 525 per share and also extended date by 5 days due to undersubscription during earlier period from July 31 to August 3, 2007.
The issue was subscribed 1.91 times, with the support from qualified institutional investors followed by HNIs and retail with small subscription.
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.
Its BSE ID is 532891 and NSE ID is PURVA.
The company had entered capital market with an initial public offering (IPO) of 21,467,610 equity shares of Rs 5 each for cash at a price band of Rs 400-450, which had revised by the company from Rs 500- 525 per share and also extended date by 5 days due to undersubscription during earlier period from July 31 to August 3, 2007.
The issue was subscribed 1.91 times, with the support from qualified institutional investors followed by HNIs and retail with small subscription.
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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