Thursday, July 26, 2007

Puravankara Projects Limited IPO Opening on July 31

Hi Friends,
Incorporated in 1986, Puravankara Projects Limited is one of the leading real estate development companies in India. Puravankara operations span all aspects of real estate development, from the identification and acquisition of land, to the planning and execution and marketing of the projects. The residential properties that Puravankara develop consist of apartment complexes, villas and townhouses. Puravankara's commercial projects include retail and office premises.

Puravankara Projects Limited is entering the capital markets with an initial public offering, IPO of 21,467,610 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 400/- at lower level and Rs 450/- at upper level for equity share of Rs 5. The issue opens on July 31, 2007, and closes for subscription on August 08, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Puravankara Projects Limited IPO.