Business Daily from THE HINDU group of publications Thursday, Aug 30, 2007 ePaper |
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Markets
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IPOs
Our Bureau Mumbai, Aug. 29 Puravankara Projects Ltd, a real estate company will be listed on the BSE and the NSE on Thursday. The company had extended its initial public offering period from August 3 up to August 8 and reduced its price band from Rs 500- 525 to Rs 400-450 a share. The issue was subscribed 1.91 times and the price was fixed at Rs 400. The company plans to deploy the proceeds towards acquisition of land in Tamil Nadu and repayment of debt. DSP Merrill Lynch and Citigroup were the book running lead managers.
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