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3 Min Read BENGALURU (Reuters) - Indian real estate company Macrotech Developers Ltd’s initial public offering (IPO) was oversubscribed 1.36 times on the final day, as its weak sales, substantial debt and a resurgence of COVID-19 cases weighed on investor interest. Macrotech, formerly known as Lodha Developers, is among the major players in the Indian real estate industry. Most of its residential projects are concentrated in the country’s financial capital of Mumbai, which regularly features in the top 10 most expensive property locations in the world. The IPO, which got a chilly response...

Shriram Properties files draft papers with Sebi to launch Rs 800 crore IPO PTI New Delhi | Updated on April 10, 2021 × Shriram Properties proposes to utilise the net proceeds from the fresh issue towards repayment and/ or pre-payment of debt and general corporate purposes. Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore throu...

Shriram Properties files draft papers for Rs 800 crore IPO Shriram Properties has proposed partial exits to its four existing investors -- TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company PTI | April 10, 2021 | Updated 22:54 IST Bengaluru-based Shriram Properties has filed a Draft Red Herring Prospectus (DRHP) with the market regulator to raise up to Rs 800 crore through an Initial Public Offer (IPO). Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore throug...

According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale. Shriram Properties has proposed partial exits to its four existing investors --TPG Capital,Tata Capital, Walton Street Capital and Starwood Capital -- which hold around 58 per cent stake in the company. In offer for sale, each of the selling shareholders will be entitled to their respec...

: Saturday, April 10, 2021, 12:37 PM IST After Macrotech Developers' IPO, real estate firm Shriram Properties files draft papers to raise Rs 800 crore via IPO Anupam Rasayan raised Rs 225 crore from 15 anchor investors: Know about the company before investing in its IPO Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore through IP...