Casagrand Premier Builder has received markets regulator Securities and Exchange Board of India’s (SEBI) clearance to raise funds through initial public offering (IPO). The company’s IPO is a mix of a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of stocks valued Rs 100 crore by promoters.
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 | 965.60 |
| Dilip Buildcon | 478.50 |
| DLF | 608.40 |
| Oberoi Realty | 1703.85 |
| Ahluwalia Contract(I | 847.50 |
| View more.. | |
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