Indian Realty firms, each moving ahead with own IPO plans

November 22, 2006	(Be the first to rate this story!)  Loading ...
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Parsvnath Developer’s, an established player in NCR realty sector has hit the capital market with its public issue and generated the demand for over Rs. 60,000 crore worth shares. This famous conglomerate is planning to use the funds towards development and construction of some of the projects on hand.

Although cashing in on the good times, Indian Property sector is still lacking in making its mark on the Dalal Street – India’s Wall Street, with few realty developers accounting for less than 1% of the country’s overall stock market capitalization.

Other companies are also trying hard to establish their niche by finalizing their plans to emerge as strong players in the capital market. Out of these, fortune of five companies is likely to favor them with their IPO’s on the domestic or international stock exchanges. A collective amount from these offerings is expected to be Rs. 18, 000 crore.

Talking about the established names in Indian realty sector, Unitech and Ansal properties plan to raise their fund either from the international markets or following the continuing trend of making public offerings, which could generate a collective amount of Rs 4,500 crore) from the domestic or international markets. Also, Delhi- based DLF, is all set to come with a second IPO after failing in its first attempt earlier this year.

News Published Under:   Real Estate Developers |

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