The Parsvnath Developers IPO was launched to fund the development and construction projects in India. The price band of the Parsvnath Developers IPO was fixed between Rs. 250 and Rs. 300 per share. The fund raised through Initial Public Offering of Parsvnath Developers was Rs 1,000 crores.
The Delhi-based real estate developer - Parsvnath Developers is one of India's largest real estate developers. This real estate development company operates in fourteen Indian states, covering forty one Indian cities. The company registered tremendous growth since its establishment in 1990.
The project portfolio of the Parsvnath Developers includes development of residential property and commercial properties in India. The Parsvanth Developers IPO was launched to fund the different development projects. Further, the company is slated to develop integrated townships, shopping malls, multiplexes, office space, complete metro station and residential projects. The company also envisages entering into development of property for the hospitality industry and IT parks for the Special Economic Zones.
Details of Parsvanth Developers IPO
The Parsvanth Developers IPO was launched by the Delhi-based real estate developer - Parsvnath Developers, to fund its development and construction projects in India. The IPO of Parsvnath Developers was launched and closed in November 2006. The price band of the Parsvanth Developers IPO was fixed between Rs 250 and Rs 300 per share. The fund raised through Initial Public Offering (IPO) of Parsvanth Developers was Rs 1,000 crores. The Parsvanth Developers IPO allotted 33,038,000 equity shares for the public and reserved 200,000 equity shares for subscription by employees. The Enam Financial Consultants, JM Morgan Stanley Financial Services and DSP Merrill Lynch were the book running lead managers to the Parsvanth Developers IPO. The register to the Parsvanth Developers IPO were Intime Spectrum Registry.
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