Monday, April 19, 2010

Nitesh Estates Ltd IPO opening on Apr 23 to Apr 27

Nitesh Estates Limited is entering in the capital markets with an initial public offering, IPO of Rs. 450.00 Crore.

Incorporated in 2004, Nitesh Estates Limited is in the business of real estate development, primarily residential projects in Bengaluru. Nitesh Estates is also developing its first hospitality project, the first ‘Ritz-Carlton' brand hotel in India, on Residency Road in the central business district of Bengaluru.

The issue opens on Apr 23, 2010, and closes for subscription on Apr 27, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Detailed information is now available on Nitesh Estates Limited IPO information page.