Casagrand Premier Builder has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,100 crore through an initial public offering (IPO).
Out of the Rs 1,000 crore raised, Rs 150 crore will be utilised for repaying certain outstanding borrowings, while Rs 650 crore will be directed towards repaying the debts of its subsidiaries. The remaining amount will be allocated to general corporate purposes. JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.
Casagrand Premier Builder offers a diverse range of residential projects. These include apartments of various sizes and independent villas, catering to luxury, mid-range, and affordable segments, all under the ‘Casagrand’ brand, with a particular focus on mid-range offerings.
| Company Name | CMP |
|---|---|
| Lodha Developers | 926.40 |
| Dilip Buildcon | 476.10 |
| DLF | 598.70 |
| Oberoi Realty | 1664.25 |
| Ahluwalia Contract(I | 877.85 |
| View more.. | |
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