IVR Prime IPO opens on July 23
IVR Prime Urban Developers Ltd plans to raise up to Rs 849 crore through its initial public offer that opens on July 23.
By PTI |
HYDERABAD: IVR Prime Urban Developers Ltd plans to raise up to Rs 849 crore through its initial public offer that opens on July 23.
The company's public issue comprises 1.415 crore equity shares of Rs 10 each. The issue would be through a 100 per cent book building process, E Sudhir Reddy, CEO of IVR, told reporters today.
The issue closes on July 26 and the price band has been fixed at Rs 510 to Rs 600. The company would raise Rs 721 crore at the lower end and Rs 849 crore at the upper end.
IVR Prime is a subsidiary of IVRCL Infrastructures and Projects Ltd. The company focussing on integrated townships, residential developments including homes, commercial projects, retail malls, IT parks and other projects in various parts of India including cities of Hyderabad, Visakhapatnam, Chennai, Bangalore, Pune and Noida, Reddy added.
The company's public issue comprises 1.415 crore equity shares of Rs 10 each. The issue would be through a 100 per cent book building process, E Sudhir Reddy, CEO of IVR, told reporters today.
The issue closes on July 26 and the price band has been fixed at Rs 510 to Rs 600. The company would raise Rs 721 crore at the lower end and Rs 849 crore at the upper end.
IVR Prime is a subsidiary of IVRCL Infrastructures and Projects Ltd. The company focussing on integrated townships, residential developments including homes, commercial projects, retail malls, IT parks and other projects in various parts of India including cities of Hyderabad, Visakhapatnam, Chennai, Bangalore, Pune and Noida, Reddy added.
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