Mumbai-based DB Realty Plans to raise Rs 1,500 cr via IPO Route

Mumbai-based DB Realty on Wednesday joined the bandwagon of real estate companies planning to raise funds from the primary market. It has submitted the prospectus with market regulator Sebi to raise Rs 1,500 crore by selling a 10% stake through an initial public offering (IPO). The issue will have a greenshoe option of Rs 150 crore. On Tuesday, a host of real estate firms, including Emaar MGF and Sahara Prime City, applied to Sebi for raising funds from the market. The real estate companies are planning to raise around Rs 11,000 crore through IPOs

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Mumbai-based DB Realty Plans to raise Rs 1,500 cr via IPO Route

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Tagged as: bandwagon, expensive, from-the-banks, from-the-market, holdings, mumbai, prospectus, raising-funds, real estate, real estate india, sahara, shahid-balwa, the-prospectus

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