GSRK Estates
Home Services Projects Media Center About Us Contact Us Download Career
19 SEZs in Telangana, Andhra P
 
Tax Benefit for 1st Home Buyer
 
NIMS-Rangapur building, 400 ac
 
Report seeks Rs. 750 cr. for d
 
ORR Growth Corridor, ORR Phase
 
Hiring back as attrition soars
 
Irrigation Projects in Mahaboo
 
State entrusts protection of g
 
Hyderabad IT investment region
 
AP proposes 400 Acre electroni
 
Andhra Pradesh inks MoUs for R
 
Govt cancels illegal layouts i
 
Companies and states oppose La
 
Land acquisition bill - Revise
 
HMDA master plan covering 6000
 
AP has the most number of SEZs
 
Peugeot may choose Chittoor to
 
MIC Electronics new LED produ
 
Mahindra to set up tractor man
 
Capgemini has more staff in In
 
Show All News
Media Information
DB Realty IPO gets 2 times oversubscribed

Published & Updated as on - 2010-02-18


Mumbai-based real estate company DB Realty, has obtained substantial response with its initial public offering getting subscribed 2.08 times as of yesterday, the second day of the offer.

The Rs1,500-crore IPO, with a price band of Rs468- Rs486, has already received good response from anchor investors.

The majority of reserved portion was subscribed at lower end of the price band by foreign institutional funds such as Janus Capital, which picked up close to 43 per cenr of the allocated portion and India Capital Fund (5.14%).

None of the private equity investors who have a stake in the company are exiting through this IPO, which gives further confidence to investors.

The IPO, which closes today, has garnered 5,52,19,024 bids in response to total issue size of 2,64,95,984 shares with 1,63,114 bids at cutoff price.

The majority of the IPO proceeds (Rs 1,388 crore) would be used to meet construction and development-related expenses

Newsletter Subscription
 
 
Copyright Reserve to © GSRK Estates 2009-10 | Privacy Policy | Disclaimer | Terms of Use | Site Map -- Web Technology ETimes (india)