Parsvnath to list on bourses tomorrow

Real estate major Parsvnath Developers would list its shares on bourses tomorrow.

MUMBAI: Real estate major Parsvnath Developers would list its shares on bourses tomorrow.
The initial public offer of the company had received robust response from investors and had been oversubscribed 60 times.
The company had come out with an issue of 18.16 crore equity shares and the issue price of the shares was fixed at Rs 300 each.
Parsvnath shares would be listed in the 'A' group on the Bombay Stock Exchange.
The merchant bankers had said that Parsvnath's IPO was the the first time when FIIs got an opportunity to participate in the public issue of a pure-play Indian real estate company, while citing it as a major factor behind the huge response to the issue.
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